Kathmandu: The government has announced the allocations of Rs 582.83 billion to the province and local levels for the upcoming fiscal year 2082/83 (2025/26). The funds will be distributed as fiscal transfers, as presented in a budget speech today. Finance Minister Bishnu Prasad Paudel shared these details while presenting the budget before a joint session of the Federal Parliament.
According to National News Agency Nepal, the allocations include Rs 60.66 billion to provinces and Rs 88.97 billion to local levels as fiscal equalization. Additionally, Rs 30.35 billion will be directed to provinces and Rs 211.46 billion to local levels as conditional grants. Furthermore, Rs 3.28 billion is set aside for provinces and Rs 10.06 billion for local levels as supplementary grants.
Under special grants, Rs 3.27 billion has been allocated to provinces and Rs 9.78 billion to local levels. Finance Minister Paudel also mentioned that the conditional, special, and supplementary grants will be transferred based on performance.