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Budget

Lumbini State budget approved with majority

The finance minister had presented a budget of around Rs 40 billion 479 million for fiscal 2080/81 in the State Assembly on behalf of the government.

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LUMBINI: The budget of the Lumbini State government for the fiscal year 2080/81 was approved with the majority.

A meeting of the State Assembly on Wednesday endorsed the budget for the next fiscal year.

State Minister for Finance Dhan Bahadur Maski had presented a bill seeking consideration for the endorsement of the executive budget proposal at the State Assembly.

Speaker Tularam Gharti announced that the budget proposal was endorsed with the majority on the basis of the voice vote.

The finance minister had presented a budget of around Rs 40 billion 479 million for fiscal 2080/81 in the State Assembly on behalf of the government.

Main opposition party, CPN-UML, has been protesting the budget proposal put forth by the province government. It resulted in the obstruction of the State Assembly for four consecutive days.

The province assembly meeting continued its business after a dialogue between Chief Minister Dilli Bahadur Chaudhary and main opposition leaders on Tuesday.

Lumbini province government has come up with a budget of Rs 13 billion 633 million (33.68 percent) towards recurrent category, Rs 23 billion 256.9 million towards capitalized category (57.45 percent) and Rs 3 .58 billion (8.87 percent) towards fiscal management.