Stories Tagged 'Budget'
The board of directors of the Civil Aviation Authority of Nepal (Caan) has approved a Rs45.17 billion budget for the fiscal year 2018-19, mainly focused on improving infrastructure at Kathmandu’s problem-plagued Tribhuvan International Airport (TIA).
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A budget is an estimate of income and expenditure for a set period of time. An annual budget has been presented in Nepal since the 1950s, after the end of the Rana Regime. The first annual budget of Nepal was presented in 1951 and covered the period from March 1951 to February 1952. The budgets that have followed the initial one are prepared for the Nepali fiscal year, which runs from July to June.
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Kathmandu Metropolitan City’s budget touches Rs 13.02 billion as most of the 753 local governments have presented their budgets for the fiscal year 2018-19. The federal government has allocated Rs308.48 billion to local levels as conditional and fiscal equalisation grant.
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Province 4 has endorsed its budget for the upcoming fiscal year 2018-19.
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A provincial assembly meeting of Province 4 has endorsed the budget for upcoming fiscal year presented on June 15.
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Provincial governments that have allocated budget for constituency development programme can use funds provided by the centre except resources allocated under conditional grant, the Finance Ministry has said.
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