In association with
Logo Logo Logo

Nepal capital city KMC brings budget of around Rs 16.42 billion

The KMC has allocated the highest amount of budget in physical infrastructure development sector which is Rs 8.43 billion. It is 51.34 per cent of the total budget. Similarly, Rs 2.49 billion has been allocated for social development.
(Chief of the Kathmandu Metropolitan City Vidya Sundar Shakya, Deputy Chief Hari Prabha Khadgi Shrestha and others participated in the seventh municipal council, Kathmandu, June 26, 2020. Photo: Ratna Shrestha-RSS)

KATHMANDU:- Nepal’s capital Kathmandu Metropolitan City has presented a budget of around Rs 16.42 billion for coming fiscal year. Deputy-Mayor of the KMC, Hari Prabha Khadgi, presented the budget in the seventh municipal assembly organised here on Wednesday.
The KMC has allocated the highest amount of budget in physical infrastructure development sector which is Rs 8.43 billion. It is 51.34 per cent of the total budget. Similarly, Rs 2.49 billion has been allocated for social development.
The metropolis has allocated Rs 1.78 billion budget for office and administrative sector, Rs 963 million for good governance and cross-cutting issues and Rs 172 million for economic development sector.

(Members of the Kathmandu Metropolitan City participating in the 7th Municipal Council (Convention). Photo: Ratna Shrestha)

A total of Rs 2.57 billion has been allocated under conditional grant. The KMC has estimated income of Rs 6.76 billion out of total budget from internal sources which is 41 per cent of the total income.
Likewise, the KMC has projected Rs Rs 1.42 billion income from non-conditional grant, Rs 2. 57 billion from conditional grant, Rs 1.20 billion as social security allowance and Rs 960 million from land integration.
The budget programme has set a target to collect Rs 6.76 billion from internal sources, Rs 400 million from business tax, Rs 60 million from advertisement tax and Rs 1.50 billion from imposing of fees and charges.

Comment here !
Related News

KATHMANDU:- The Delta variant’s mutation of the coronavirus has been detected in Nepal. According to the Ministry of Health and

KATHMANDU:- Corona virus has been confirmed on 2,297 more individuals in the last 24 hours. With this, total number of

N24 Correspondent, KATHMANDU:- The CPN-Maoist Center has formally decided to expel the local level people’s representatives and central members who

KASKI:- Kaski district authorities have extended prohibitory orders in the district for a week with some relaxations. According to the