Koshi Province Accelerates Budget Formulation for Fiscal Year 2083/084
Summary
Koshi Province government is accelerating the budget formulation process for fiscal year 2083/084 with a focus on completing existing projects and enforcing strict budget discipline.
Key Points
- Koshi Province government is intensifying budget formulation for fiscal year 2083/084 focusing on disciplined project funding.
- Only projects verified in the Project Bank will receive funding; no new projects outside it will be funded.
- The upcoming budget ceiling is set at 30 billion rupees, reduced from 35 billion due to cuts in federal grants and weak internal revenue.
- Prioritization of projects that create production and employment is emphasized, while cutting investment in unproductive sectors.
