Kathmandu Metropolitan City has brought a budget of 25 billion 76 crore 43 lakh rupees for the next financial year. Deputy Mayor Sunita Dangol submitted the budget for the next financial year in the 17th Municipal Council of the metropolis.
In the budget of the next financial year, the metropolis has estimated that 25 billion 11 million 43 lakh 41 thousand rupees will be incurred in the reserve fund and 65 million rupees will be other external expenses.
3 percent of the total budget i.e. Rs 75 crore 34 lakh 30 thousand rupees has been proposed for economic development under the regionally presented budget and program. Similarly, 20 percent i.e. 5 billion 28 million 68 thousand rupees has been proposed for social development.
51 percent is for infrastructure development i.e. 12 billion 800 million 83 lakh 14 thousand rupees, while 12 percent i.e. 3 billion 137 million 21 thousand has been proposed for good governance and interrelated sectors. 14 percent i.e. 3 billion 516 million 8000 rupees has been proposed for office operation and administrative sector.
Infrastructure plans within the Kathmandu Metropolitan City area have been placed on high priority in the coming financial year. Likewise, Deputy Mayor Dangol said that waste management, improvement of school education system, promotion of good governance, capacity building of urban health promotion center, promotion of one ward, one enterprise program and programs to increase employment and income are also placed on high priority.
The metropolis has brought a budget of 25 billion 700 million 63 lakh rupees for the current financial year. The metropolis has brought a budget of 60 million rupees more for the next financial year than the current financial year.
The metropolis has collected 10 billion rupees revenue in the current fiscal year.
Metropolitan revenue The meeting of the consultative committee had fixed the budget limit of 25 billion 11 crore rupees for the next fiscal year. The meeting held on Friday under the chairmanship of Balendra Shah (Balen), the mayor of the metropolis, determined the limits. The
committee has set 3 percent of the budget for the economic development sector, 14 percent for office operations and administration, 51 percent for infrastructure development, 20 percent for social development and 12 percent for good governance and interrelated areas in the budget of the next financial year.
