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.