The government is to spend Rs 9 billion through Millennium Challenge Account (MCA) in the next fiscal year 2022/23.
According to the Finance Ministry, the government has allocated Rs 9. 27 billion for the Millennium Challenge Corporation (MCC) project in the next fiscal year.
The project has got a budget of Rs 4. 29 billion in the current fiscal year.
The MCC was endorsed by the Parliament this year.
Out of the budget set for the year, Rs 8. 91 will be a US grant.
According to the Ministry, Rs 365.6 will be recovered from the sources of the Nepal government.
The money of this project will be spent for capital purposes.
