गृहपृष्ठ ∕ Business ∕ FY 2024/25 Budget: 567 billion rupees for PLGs Business FY 2024/25 Budget: 567 billion rupees for PLGs KathmanduPati May 28, 2024 KATHMANDU – The federal government is to allocate 567 billion rupees to the provincial and local governments (PLGs) in the coming financial year 2024/25. This will be made through fiscal transfer and revenue sharing from the federal budget. According to the budget statement read out by Finance Minister Barshman Pun in the Parliament today, on the recommendation of the National Natural Resources and Fiscal Commission (NNFRC), the federal government has allocated Rs 60 billion for the provinces and Rs 88 billion for the local level towards the fiscal equalization grants. Likewise, conditional grant worth Rs.25.84 billion has been earmarked for the provinces and Rs.28.88 billion for the local level. Another 6.2 billion rupees have been allocated to the province and 7 billion rupees to the local level towards supplementary grants. In addition, 4.4 billion rupees have been allocated for the province and 8.5 billion rupees for the local level as special grant. Finance Minister Pun noted that arrangements will be made to transfer conditional, supplementary and special grants based on performance. The government estimates that 159 billion rupees will be transferred to the provincial and local levels as part of revenue sharing. Write your comments RELATED NEWS Nepal urges preparedness as super El Niño looms Nepal’s RSP expands secretariat, names key officials Nepal finance minister rules out demonetisation plan Nepal PM Balendra Shah heads to Pokhara, Mustang Imran Khan returned to jail after hospital check-up US national debt surpasses $40 trillion, more than doubling in… Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 When the State Pulls the Trigger, Who Answers ?2 Before the Ballots: How Oli Lost the Political Narrative3 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief4 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward5 Nepal “a Buffer State”: Rethinking foreign policy in relative terms6 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns7 Jagdamba Group Chairman Shankar Agrawal Arrested8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector Pathao, Tootle resume ride sharing services after authorities relax lockdown National Poet Madhav Prasad Ghimire no more UPAYA CITY CARGO LAUNCHES Version 3.0 Public Relations for a Soldier Nepal Army initiates investigation into case of financial irregularities by Lieutenant Colonel Janmat Karki Army Day : Five facts about Nepal’s ‘blue helmets’ in UN-peacekeeping missions Why Are Boys Unexpressive?
