The government has revised the current fiscal year’s budget, reducing its size by 14.04 percent in a mid-year review, according to the Ministry of Finance.
The original budget of Rs 1.964 trillion, presented on Jestha 15, has been adjusted to Rs 1.688 trillion. Under the revised allocation, Rs 1.126 trillion is earmarked for current expenditure, Rs 2.43 billion for capital expenditure, and Rs 319 billion for financial management.
By the end of the fiscal year, the revised estimates indicate Rs 1.515 trillion will come from government sources, Rs 30.99 billion from foreign grants, and Rs 142 billion from foreign loans.
Finance Minister Rameshore Khanal said the capital expenditure could not increase due to the need to focus on institutional stability and elections following the Gen-Z movement and subsequent transitional period. He added that over Rs 20 billion has been allocated specifically for election-related expenses, and some previously frozen budget provisions have already been released.
