Lumbini Province Government Plans Budget Cut for Upcoming Fiscal Year
Summary
The Lumbini Province government plans to reduce its budget by 10 to 15 percent for the upcoming fiscal year 2083/084, aiming to prepare a realistic budget based on internal resources and awaiting clarity from the federal budget.
Key Points
- Lumbini Province government is preparing to reduce the budget size by approximately 10 to 15 percent for fiscal year 2083/084 compared to the current year.
- Current budget ceiling set at around 22 billion rupees with expected total around 35 billion rupees after federal grants and internal resources.
- Focus on cutting current expenditures more than capital expenditures and prioritizing mandatory liabilities and multi-year projects.
- Internal revenue collection has underperformed with less than half of the target achieved, prompting new economic measures and revenue enhancement efforts.
