the Pokhara Metropolitan City has unveiled over Rs 6.2 billion annual budget for the fiscal year 2020/21 here on Wednesday.
Metropolis Deputy Mayor Manjudevi Gurung presented the annual estimate for income and expenses for the upcoming fiscal year amid the seventh Metropolitan Assembly at Pokhara City Hall.
Among the total allocated budget, Rs 3.20 billion is under the recurring expenditure while Rs 2.9 billion has been allocated under the capital expenditure.
The federal government is likely to provide over Rs 2.5 billion while the Gandaki State is expected to chip in over Rs 100 million to the Metropolis under the inter-governmental fiscal transfer, informed Deputy Mayor Gurung.
The Metropolis has attached high priority to physical infrastructure, health, agriculture and tourism, allocating those sectors over Rs 2.7 billion. Rs 1.20 billion, Rs 50 million and Rs 20 million respectively.
Similarly, the Metropolis has provisioned Rs 280 million for COVID-19 response, prevention and treatment.
The metropolitan had presented Rs 7.54 billion budget for the current fiscal year.
Source: National News Agency Nepal