Kathmandu, May 28: Finance Minister Dr. Yubaraj Khatiwada has presented budget of Rs. 1474 billion 640 million for the upcoming fiscal year 2077/78 (2020/21) in the joint session of the federal parliament today.
Of the total budget, Rs. 948 billion rupees has been allocated for recurrent expenditure while Rs. 352 billion will be used for capital expenditure.
The government has estimated to mobilise revenue of Rs. 889 billion and get Rs. 60 billion as foreign grants and seek Rs. 298 billion external loan and take Rs. 225 billion internal loan to meet the annual expendtiure.
The annual budget has a deficit of Rs. 524 billion while the estimated revenue mobilisation is less than the recurrent expenditure by Rs. 59 billion.
Tokyo (Japan), Sept. 13: A new leadership assumed responsibilities at the Non Resident Nepalese Association (NRNA), Japan on Sunday. The new office bearers took oath of office and secrecy after a long fought battle resulting from dissatisfaction from those who…