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Finance Minister Janardan Sharma presented a budget of Rs 1, 793. 83 billion for the fiscal year 2022/23 on Sunday.

Finance Minister Janardan Sharma presented the budget at the Federal Parliament today.

Out of the total budget, the government has allocated Rs 753 billion or 42 percent for recurrent expenditure, Rs 380. 38 billion or 21. 2 percent for capital expenditure and Rs 230. 22 billion or 112.8 percent financial provision.

Similarly, the government has allocated Rs 429. 83 or 24 percent for grants to sub-national governments.

The government will take Rs 1, 240. 11 or 69.1 percent from revenue and Rs 55. 46 billion or 3.1 percent from foreign grants to bear the source of estimated expenses.

Likewise, the government will take a total loan of Rs 498. 46 billion—Rs 242. 26 billion or 13.5 percent from foreign loans and Rs 256 billion or 14.3 percent from domestic loans.

The government has allocated Rs 1.40 billion for transitional justice.

Presenting the budget for the fiscal year, 2022/ 23 at the federal parliament, Finance Minister Janardan Sharma said that the government has allocated Rs 1.40 billion for transitional justice.

The government is to provide an old-age allowance under the Social Security Program from 68 years of age from the new fiscal year.

Presenting the budget at the federal parliament on Sunday, Finance Minister Janardan Sharma said that the old-age allowance will be provided from 68 years of age from the next fiscal year.

Earlier, the government had been providing the allowance from 70 years of age.

The elderly citizens have been receiving Rs 4, 000 per month under the Social Security Program.

The government is going to review the diplomatic mission.

Finance Minister Janardan Sharma said that the budget has been allocated to review the diplomatic mission on the basis of necessity.

In the budget, the government said that virtual embassy services will be provided in the places where there is no embassy.

Similarly, the government has planned to make the electronic passport service easier and to make the consular more effective.