Federal Government Increases Intergovernmental Fiscal Transfer to Provinces
Summary
The federal government of Nepal has increased intergovernmental fiscal transfers to provinces for the fiscal year 2083/084, with varying grant increments among provinces, but some provinces like Koshi display inefficiency in utilizing allocated funds.
Key Points
- The federal government has increased the intergovernmental fiscal transfers to provinces for the upcoming fiscal year 2083/084.
- Total grants for all seven provinces have increased from 97.56 billion to 1.096 billion rupees.
- Koshi Province is set to receive 16.47 billion rupees, up from 14.50 billion the previous year.
- Despite increased grants, Koshi Province showed poor spending capacity, returning unspent funds to the Federal Contingency Fund.
