Finance Minister Sharma presented the budget of Rs. 1.632 trillion

Finance Minister Janardan Sharma presented the budget of Rs. 1.632 trillion on Friday. Sharma said the Rs 5 billion saved from the cut would be used to buy vaccines against coronavirus.

The size of the budget has been reduced by Rs. 16.74 billion as compared to the budget presented through the ordinance. Earlier, a budget of Rs 1.647 trillion was presented in the ordinance during Oli-government.

Out of the total allocation, the Federal government’s current expenditure is Rs 677.19 billion or 41.42 percent, capital expenditure is Rs 378.10 billion or 23.16 percent and financial management is Rs 189.44 billion or 11.6 percent.

Likewise, 387.30 billion or 23.72 percent of the budget has been allocated to Province and Local levels through financial transfer.

The government has cut fuel and travel expenses by 10 percent. The government has cut budgets for allowances, fuel and travel expenses by 10 percent. While presenting the ordinance, Finance Minister Janardan Sharma said that at least 10 percent budget has been cut in fuel, allowance, vehicle and other maintenance.

Rs 5,000 a month to those suffering from cancer and paralysis to buy medicine Rs 3,000 a month livelihood allowance to the family of those killed in the course of political struggle

Rs 10,000 each to be provided to 500,000 families badly affected by the COVID-19 by next month

Run affordable canteens at least in 10 places in Kathmandu Valley to provide food to poor and destitute people in partnership with various philanthropic organizations.