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 assembly seeks answers over alleged SSB border incursion Mongolia’s former prime minister calls on Education minister Nepal police arrest Foreign Ministry Joint Secretary Indonesia ferry fire kills five, dozens missing Nepal denies Malaysia recruitment syndicate allegations amid controversy Trump announces fresh Iran talks after strike pause Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 Before the Ballots: How Oli Lost the Political Narrative2 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns3 Nepal “a Buffer State”: Rethinking foreign policy in relative terms4 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward5 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief6 Jagdamba Group Chairman Shankar Agrawal Arrested7 ‘Promotion of Ayurveda, Yoga and meditation along with modern medicine positive’8 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 What Makes Prithivi Narayan Shah a Philosopher and a Truly Democratic King? A phone call that paved the way for RAW Chief’s visit to Nepal What role has the Nepal Army been playing in controlling the coronavirus? National Poet Madhav Prasad Ghimire no more Impact of Social Media on Nepalese Society UPAYA CITY CARGO LAUNCHES Version 3.0
