Govt presents a budget of Rs 1.47 trillion for fiscal year 2020/21

KATHMANDU, May 28: The government has presented an annual budget of Rs 1.47 trillion for the fiscal year 2020/21. Last year, the government had presented a budget of Rs 1.53 trillion.

Unveiling the federal budget, Finance Minister Dr. Yuba Raj Khatiwada said the government has allocated Rs 352.91 billion for capital expenditure, Rs 948.94 billion for recurrent expenditure, and Rs 172.79 billion for financing.

Rs 889.62 billion will be financed from revenue, Rs 60.52 billion from foreign grants, Rs 299.5 billion from foreign loans, and Rs 225 billion from internal loans.