By A Staff Reporter
Kathmandu, June 25: Kathmandu Metropolitan City has announced the budget of Rs. 16.42 billion for the next fiscal year 2020/21.
Deputy Mayor of the Metropolis Hari Prabha Khadgi announced the budget at the seventh Municipal Council held on Wednesday.
The largest chunk of the budget, Rs. 8.43 billion is allocated for the infrastructure development, followed by Rs. 2.5 billion to social sector development, Rs. 1.78 billion for administration and Rs. 963 million to governance.
The sources of the budget are internal sources Rs. 6.76 billion and external sources Rs. 6.16 billion.
Remaining Rs. 3.5 billion would be supplemented from the bank reserves of the metropolis. Mayor Bidya Sundar Shakya said that about 41.19 per cent resources would be managed from the internal sources.
Likewise, Pokhara Metropolis has announced the budget of Rs. 6.19 billion for the next fiscal. Deputy Mayor Manju Devi Gurung presented the budget on Wednesday. The metropolis has reduced the budget by Rs. 810 million compared to the budget of the current fiscal.
The tourist city expects to receive Rs. 2.5 billion from the federal government, Rs. 105 million from the Gandaki State.
Similarly, Deputy Mayor of Biratnagar Metropolis Indira Karki presented the budget of Rs. 3.37 billion. The metropolis has allocated Rs. 1.71 billion for capital expenditure.
The capital of State 1 hopes to receive Rs. 898 million from internal sources, Rs. 768 million from revenue distribution, Rs. 380 million from equilisation grant.
Similarly, Deputy Mayor of Birgunj Metropolis Shanti Karki presented Rs. 3.86 billion budget of the next fiscal at the 7th Municipal Council.
The budget comes with Rs. 1.63 billion recurrent and Rs. 2.17 billion development expenditure, and Rs. 63 million for financial management. Birgunj hopes to mobilise Rs. 1.3 billion from Municipal Development Fund, Rs. 916 million municipal development loan, Rs. 11.6 million equilisation grant, Rs. 597 million internal income, Rs. 301 million from cash reserves, Rs. 150 million real estate tax and Rs. 30 million from conditional grant.
Likewise, Bharatpur Metropolis’ Deputy Mayor Parbati Shah Thakuri presented a budget of Rs. 4.15 billion for the next fiscal.
It hopes to raise Rs. 600 million from federal and state government, Rs. 900 million from internal income, Rs. 1.69 from intergovernmental fiscal transfer, and Rs. 461 million from state government’s revenue distribution.