Money

Budget 2017-18

- Post Report, Kathmandu

May 30, 2017-

The government on Monday launched budget of Rs1,279 billion for the next fiscal year. Of this fund, Rs803.5 billion has been earmarked for recurrent expenditure, Rs335.2 billion for capital expenditure and Rs140.3 billion for financing provision.

Highlights of the 2017-18 budget

Allocation (Rs in billion)    

    2013-14    2014-15    2015-16    2016-17    2017-18

Budget    517.24    618.1    819.47    1048.92    1278.99

Recurrent Expenditure    353.42    398.95    484.27    617.16    803.53

Capital Expenditure    85.1    116.75    208.88    311.95    335.17

Financing Provision    78.72    102.39    126.32    119.81    140.29

SOURCES OF FUNDS    2013-14    2014-15    2015-16    2016-17    2017-18

Revenue Target    354.5    422.9    475.01    565.9    730.1    Principal Repayment    5.5    1    2    10    15

Foreign Grants    69.54    73.38    110.93    106.9    72.17

Foreign Loans    43.7    49.52    94.96    195.71    214.04

Domestic Loans    44    52.75    88    111    145

Carryover    0    0    48.56    59.41    102.74

    517.24    599.55    819.46    1048.92    1279.05

Foreign Grants and Loans (Rs in billion)    

    2013-14    2014-15    2015-16    2016-17    2017-18

Foreign grant+loans 

(Rs in billion)    113.24    122.9    205.89    302.61    286.21

Share of grants and 

loans in budget    21.89    19.88    25.12    28.85    22.38

Where is the money going (Rs in billion)    

General Public Services    499.15

Defence    44.96

Public Order and Safety    50.63

Economic Affairs    454.60

Environmental Protection    15.14

Housing and Community Amenities    63.06

Health    41.09

Recreation, Culture & Religion    5.97

Education    65.14

Social Security    39.26

    1279.00

    

How is recurrent budget being utilised (Rs in billion)    

Salaries/benefits    130.53

Use of equipment and services    120.05

Interest and service cost    30.8

Assistance    1.02

Grants    184.74

Social security    102.64

Other expenses    1.56

Fiscal Transfer    232.2

    

How is capital budget being utilised (Rs in billion)    

Land    21.55

Building    75.66

Furniture    1.51

Vehicles    3.88

Machinery equipment    11.78

Civil works    200.6

Research & Consultancy    16.41

Capital Contingency    3.78

    

Tax Revenue (Rs in billion)

Tax on income, profit, capital gains    162.43

Social security tax    5.27

Property tax    18.52

VAT    216.62

Excise    101.18

Tax on foreign employment, health 

and education services    2.27

Vehicle and infrastructure use    27.49

Customs duties    120.82

Export related taxes    1.3

Other taxes on foreign trade & transactions    5.94

Other taxes    4.36

Published: 30-05-2017 09:02

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