DHANUSHA, June 15: The Madhesh Province government has unveiled its annual income and expenditure (budget) estimate of Rs 41.13 billion for the upcoming Fiscal Year (FY) 2026/27.
In Monday's meeting of the Madhesh Province Assembly, Minister for Economic Affairs Yub Raj Bhattarai presented the annual revenue and expenditure estimates for the upcoming FY.
The new FY's budget is less by around 13 per cent as compared to the current FY. The Madhes Province government had implemented a budget of Rs 46.58 billion in the current FY 2082/83.
What is missing in budget for agriculture?
The government has downsized the budget for the upcoming FY considering the limitation of resources and expenditure management.
Of the total budget, Rs 14.66 billion has been allocated towards recurrent expenditure and Rs 26.47 billion towards capital expenditure.
Economic Minister Bhattarai shared that Rs 11.22 billion has been estimated to be collected from internal revenue while Rs 12.83 billion would be mobilized from revenue disbursement, Rs 9.49 billion from financial equalization grant and Rs 6.8 billion would be mobilized from cash balance of the current FY.
In the budget, the Madhesh government has given top priority to production growth, infrastructure development, modernization of the agriculture sector, expansion of health services and social security, among others.
