Karnali Province Initiates Budget Formulation Process for Fiscal Year 2083/084
Summary
Karnali Province has begun its budget formulation process for fiscal year 2083/084, forming committees for resource estimation and inviting project proposals from local levels and public institutions. The budget will depend on the federal government's ceiling, which is yet to arrive.
Key Points
- Karnali Province government has started the budget formulation process for fiscal year 2083/084.
- Resource estimation committees and sub-committees have been formed to analyze revenue and budget implementation.
- Local levels and public institutions are requested to submit proposals for conditional grant projects by Baisakh 21.
- The provincial budget depends largely on federal grants, with internal resources being weak and delays due to increased fuel prices and supply issues.
- The provincial government will no longer implement projects below certain budget thresholds to focus on strategic and large-scale projects.
