KATHMANDU, June 24: Lalitpur Metropolitan City (LMC) has presented a total budget of Rs 7.48 billion for the upcoming Fiscal Year (FY) 2026/27.
According to the LMC, the announced budget for the next FY is almost equal to the earmarked amount of Rs 4.474 billion for the current FY.
What is missing in budget for agriculture?
Of the total budget allocated by the metropolis, 56.6 percent has been allocated towards capital expenditure and 43.4 percent for recurrent expenses. In terms of values, the allocated amount under recurrent expenditures is Rs 3.25 billion, which is Rs 280 million more than the amount allocated under the heading.
Similarly, the LMC has planned to utilize Rs 4.23 billion for development of infrastructure in the next FY. The amount is six percent less than the amount separate for this FY, which has been attributed to the reduction in grant amount to be provided by the federal and provincial governments.
Regarding the revenue estimation of the LMC, it has estimated to get a total of Rs 1.36 billion from the federal government through fiscal equalization, conditional and complementary grants. In addition, the LMC has projected to receive Rs 176.3 million from the Bagmati Provincial Government.
Likewise, a total of Rs 3.35 billion is projected to be collected under the internal income of the metropolis. The remaining of Rs 1.47 billion will be generated from land revenue registration fee and entertainment tax, among others, according to the LMC’s budget.
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