Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Seven provinces are presenting their budget for the fiscal year 2021-22 today. There has been a provision that the provincial governments have to bring the budget by mid-June. As Provinces have already introduced policies and programs, they are set to unveil the budget today.
Budget across provinces are expected to come in line with their policies and programmes for the upcoming fiscal year which has focused on the control of COVID-19, treatment of COVID-19 infected patients and infrastructure development.
Similarly, provincial governments have also pledged to announce business relief programmes like refinance, management of medicines and vaccines for coronavirus treatment and hospital for tropical diseases.
While the Gandaki Province has announced to unveil programmes for the tourism infrastructure development, connectivity infrastructure and herbs and herbal sector promotion, Province 2 have announced to create model hospital in Janakpurdham of Dhanusha district and a trauma centre in Rupadi of Saptari.
Meanwhile, Lumbini has prioritised agriculture, industry and tourism sector development while cable car, tunnel and expansion of financial services are in the priority list of Karnali Province. Sudurpaschim Province said that the budget of the upcoming year will try to address the problem of widespread unemployment created by the pandemic and create a fund to promote self-employment.
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