Province 3 govt to bring budget of Rs 50 billion

Hetauda, April 30

Province 3 government is to bring a budget of around Rs 50 billion for the coming fiscal year. It is preparing to bring the budget through the project bank.

Province 3 government has so far spent only 30 per cent budget, including capital and current expenditure, in the current fiscal.

However, there are concerns the economic source of the province would decrease owing to the federal government’s decision granting the right to collect all kinds of tax on aggregates like sand, pebble and stone used in construction, which are considered the primary source of revenue.

Province 3 Minister of Economic Affairs and Planning Kailash Prasad Dhungel said the province government was working to expand the scope of revenue collection and increase economic resources. He said his ministry was without a secretary and this was hampering budget formulation works.

 

from The Himalayan Times http://bit.ly/2J8kPro
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