Koshi Province Sets Budget Ceiling of 28 Billion for Upcoming Fiscal Year
Summary
Koshi Province has set a budget ceiling of around 28 billion for the upcoming fiscal year despite project demands far exceeding this limit, creating challenges for ministries to prioritize and select projects from a large pool.
Key Points
- Koshi Province's Ministry of Economic Affairs and Planning set a budget ceiling of approximately 28 billion for the fiscal year 2083/084.
- The Ministry of Social Development faces a major challenge as project demands total around 39 billion rupees against a budget ceiling of 1.15 billion.
- The Ministry of Physical Infrastructure Development has over 13,000 projects worth more than 400 billion rupees, far surpassing its 7 billion ceiling.
- Technical inefficiencies between the project bank and budget entry system (PLMBIS) complicate the budget construction process and risk missing or mis-prioritizing key projects.
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