Government allocates Rs 75. 10 billion for energy sector
The government has allocated Rs 75.10 billion for the development of the energy sector.
Presenting the budget for the next fiscal year, Finance Minister Janardan Sharma 715 MW of electricity will be connected to the national transmission grid and Rs 43 billion has been allocated for construction of infrastructure.
The government aims to provide electricity to all households in the next two years.
Similarly, the government has decided to reduce the subsidy being provided to the cooking gas and remove cylinder gas from the Singhadurbar by July next year.
Minister Sharma said that the government will also finalize the investment modality of the Budhigandaki Hydro Project.
Charging stations to be constructed in 50 places to increase use of electric vehicles
The government has allocated a budget to construct charging stations in 50 places to increase the use of electric vehicles.
Finance Minister Janardan Sharma said that the private sector will be encouraged to construct the charging stations.
Similarly, the government has planned to replace the traditional brick kilns with electric brick kilns.
Government allocates Rs 70. 05 billion for education sector
The government has allocated Rs 70. 05 billion for the Ministry of Education.
Finance Minister Janardan Sharma said that the amount was allocated for the development of education, science and technology sector.
Similarly, Minister Sharma said that Rs 5.32 billion has been allocated in the province and Rs 121.01 at the local level.
Likewise, he said that Rs 8. 30 has been allocated for the tenchnical education training and 1, 200 schools will be conducted under the Educational Reform Program.
Minister Sharma further said that Rs 200 million has been allocated for the computer and internet in 20 schools of each province.
Govt allocates Rs 69. 38 billion to health sector, plans to complete construction of basic hospitals in 654 places
The government has planned to complete the construction of basic hospitals in 655 places next year.
The Senior Citizen Award will be established to provide special services to the senior citizen.
Similarly, the government has allocated Rs 69. 38 billion to the health sector.
Finance Minister Janardan Sharma said that an electronic health information system will be adopted.
Government allocates Rs 7. 5 billion for Prime Minister Employment Program
The government has allocated Rs 7.5 billion for Prime Minister Employment Program.
Finance Minister Janardan Sharma said that the amount was allocated with an objective to create employment for 200, 000 Nepalis.
He said that the structure of the Prime Minister Employment Program will also be changed this fiscal year.
Government announces to lay pipeline to supply petroleum products from Siliguri to Charali
The government has announced to lay a pipeline to supply petroleum products.
Presenting the budget for the next fiscal year 2022/ 23, Finance Minister Janardan Sharma said that the pipeline will be laid from Siliguri of India to Charali of Jhapa.
Likewise, the government has also announced to extend the pipeline from Amlekhgunj to Pathlaiya.
Government allocates Rs 55 billion to Ministry of Agriculture and Livestock Development
The government has allocated Rs 55 billion to the Ministry of Agriculture and Livestock Development.
Finance Minister Janardan Sharma has given Rs 15 billion more to agriculture than the ceiling set by the National Planning Commission.
The Commission had set a ceiling of Rs 40 billion in agriculture.
The government had allocated Rs 36 billion in the current fiscal year.
Minister Sharma allocated Rs 55 billion to the Agriculture Ministry to become self-reliant in agriculture this year.
Government endorses budget for next fiscal year
The government on Sunday endorsed the budget for the next fiscal year 2022/ 23.
Finance Minister Janardan Sharma’s Secretariat said that a Cabinet meeting held this afternoon endorsed the budget to be presented in the Parliament.
Minister Sharma is presenting a budget of around Rs 17 trillion in the Parliament at 4 pm today.
The budget mentions issues such as increasing the salaries of the employees and social security allowances.