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Important Points and Data from Nepal Budget 2081/82 Highlight

Important Points and Data from Nepal Budget 2081/82 Highlight

1. Budget Allocation for Fiscal Year 2081/82:

- Total Budget: NPR 18 Kharba 60 Arba 30 Crores

- Current Expenditure: NPR 11 Kharba 40 Arba 66 Crores (61.31%)

- Capital Expenditure: NPR 3 Kharba 52 Arba 35 Crores (18.94%)

- Financial Management: NPR 3 Kharba 67 Arba 18 Crores (19.74%)

2. Revenue Sources:

- Revenue: NPR 12 Kharba 60 Arba 30 Crores

- Foreign Grants: NPR 52 Arba 33 Crores

- Foreign Loans: NPR 2 Kharba 17 Arba 67 Crores

- Internal Loans: NPR 3 Kharba 30 Arba

3. Key Priorities and Strategies:

- Economic Reform and Private Sector Promotion: Economic reforms to foster private sector growth and investment.

- Agriculture, Energy, IT, and Industrial Development: Focus on these sectors for comprehensive development.

- Education and Health Sector Development: Significant investment in social sectors to improve living standards.

- Inclusivity and Social Security: Ensuring inclusivity and providing social security for all citizens.

- Good Governance and Public Service Improvement: Enhancing governance and public services.

4. Specific Initiatives and Allocations:

Agriculture Sector Transformation:

- Agricultural Modernization: Investment in modernizing agriculture to increase production and productivity.

- Special Areas for Agricultural Production: Identifying specific areas for focused agricultural development based on geographic and ecological conditions.

- Support for Commercial Farming: Providing subsidies and technical assistance for commercial farming ventures.

- Investment in High-Value Crops: Promoting the production of high-value crops like fruits, herbs, and organic products.

Energy Sector Development:

- Hydropower Projects: Initiating and continuing the construction of major hydropower projects.

- Electricity Access Expansion: Increasing electricity access to 98% of the population.

- Promotion of Renewable Energy: Encouraging investment in solar, wind, and other renewable energy sources.

Information Technology Sector Development:

- IT Export Target: Aiming for NPR 30 Kharba in IT exports over the next decade.

- Employment Generation: Creating 5 lakh direct and 10 lakh indirect jobs in the IT sector.

- IT Parks and Innovation Centers: Establishing IT parks and innovation hubs in Kathmandu and Butwal.

Tourism Promotion:

- New Destinations: Identifying and developing new tourist destinations.

- Infrastructure Development: Investing in tourism infrastructure to enhance visitor experience.

- Cultural and Religious Tourism: Promoting cultural and religious tourism by developing sites like Janakpur and Lumbini.

Industrial and Entrepreneurial Development:

- Encouraging Domestic Production: Promoting "Make in Nepal" and "Made in Nepal" initiatives.

- Support for SMEs: Providing financial and technical support to small and medium enterprises.

- Industrial Zones: Developing industrial zones to support manufacturing and other industrial activities.

This summary covers the main points from the budget document, focusing on allocations, priorities, and strategies.

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