Bagmati: The Bagmati Province Assembly on Monday passed the proposed Rs 67.47 billion budget for the upcoming fiscal year 2025/26 by a majority. The approval marks a significant step in the region’s financial planning for the coming year.
According to National News Agency Nepal, the Bagmati Province government had unveiled the budget towards the middle of June this year. The Province Assembly meeting also endorsed the Bill to implement financial proposals and the Appropriation Bill-2081 BS by a majority vote.
Furthermore, the meeting gave the green light to a proposal seeking a supplementary budget for the Bagmati Province government. This proposal, which aims to make it part of the Appropriation Bill, was also accepted by a majority.
Additionally, the assembly passed a proposal to allocate funds from the Provincial Consolidated Fund for the provincial government’s services and business for the fiscal year 2025/26. The proposal seeking approval for the provincial government’s financial plan was also endorsed by a majority. Both of these proposals were presented by the Province’s Minister for Economic Affairs and Planning, Kundanraj Kafle.
During the session, Province Assembly members Devendra Shrestha, Shuspa Bhujel, Urmila Kumari Lama, and Srijana Sayaju registered a proposal to reduce unnecessary expenditures.