Nepal government has unveiled a budget of Rs 1.751 trillion for the fiscal year 2023/24.
The Minister of Finance Prakash Sharan Mahat, announcing the budget on Monday, informed that the government has allocated Rs. 83.9 billion for the health sector and Rs 197.29 billion for education in the upcoming fiscal year.
The government has planned that Rs 1.141 trillion will be used for recurrent expenditure, Rs 302 billion for capital expenditure and Rs 307 billion allocated for financial management.
According to Mahat, a sum of Rs. 1.24 trillion will be collected as revenue, Rs. 49.9 billion will be received as a foreign grant, Rs. 212.75 billion will be taken as foreign loan and Rs. 240 billion will be covered from internal loan.
Meanwhile, the government has also said they will implement government payment through QR code and 2 shifts for essential government service delivery.
Also, Rs 2.13 billion is allocated for tourism promotion and to research trekking routes linking to Rolpa, Rukum and Dolpa districts in an effort to increase the number of foreign tourists while promoting domestic tourism.