KATHMANDU: The government has announced a budget of Rs 1.86 trillion for the upcoming fiscal year (FY 2024/025). Minister for Finance Barshaman Pun unveiled the budget in a joint meeting of the federal parliament on Tuesday afternoon.    
As per the announcement, the government has allocated Rs 1140.66 billion (61.31 percent) towards current expenditure while Rs 352.35 billion (18.94 percent) has been earmarked towards capital expenditure. Similarly, Rs 367.28 billion has been allocated for fiscal management.    
The size of the upcoming fiscal year's budget is 6.2 percent more than the current fiscal year’s budget while it is 21.56 percent more than the revised estimation of the budget of the current fiscal year.    
The government has allocated Rs 408.87 billion for fiscal transfer to the provinces and local levels.    
The major sources of the budget estimation for the upcoming fiscal year include Rs 1260.3 billion from revenue collection and Rs 52.33 billion from foreign aid and Rs 217.67 billion from foreign loan assistance. Likewise, Rs 330 billion would be collected from internal loans. --RSS