Karnali Province unveils annual budget of Rs. 32.61 billion

By Muna Hamal, Surkhet, June 15: The Karnali Province has unveiled an annual budget of Rs. 32.61 billion for the fiscal year (FY) 2022/23.

Minister for Economic Affairs and Planning of the Karnali Province, Bindaman Bishta, proposed Rs. 32.62 billion budget for the Karnali Province for the FY 2022/23.

The budget comprises a recurrent budget of Rs 9.16 billion and a capital budget of Rs 19.43 billion.

Minister Bishta said that the provincial government has accorded priority to completing the ongoing projects of physical infrastructures and allocated the budget accordingly.

Acceleration of growth by the rapid development of road, irrigation, agriculture, education and alleviation of multi-dimension poverty by promoting industry, tourism and agriculture and creation of favorable investment environment are the main motives of the budget, he said.

The Karnali government has allocated Rs 1.94 billion for the ongoing construction of the road and bridge.