Biratnagar, June 15: Minister for Economic Affairs and Planning of Koshi Province Bidur Kumar Lingthep presented the annual estimates of revenue and expenditure (budget) for the upcoming fiscal year 2026/27 in today’s meeting of the Koshi Provincial Assembly.
The Finance Minister presented a budget of Rs 40 billion 449.8 million to implement the policies and programs of the upcoming fiscal year.
Of the allocated amount, Rs 13 billion has been allocated for current expenditure, Rs 20 billion for capital expenditure, Rs 150 million for financial management and Rs 5 billion for fiscal transfer. This estimate is 12.74 percent higher than the allocation for the current fiscal year, the minister mentioned in the budget statement.
Minister Lingthep said that out of the estimated expenditure sources for the upcoming fiscal year, Rs 5.5 billion will be met from the provincial government’s internal revenue, Rs 12.87 billion from revenue sharing, Rs 9.12 billion from the fiscal equalization grant received from the federal government, Rs 5.95 billion from conditional grant, Rs 840 million from complementary grant, Rs 410 million from special grants and Rs 200 million from direct payment, and the remaining shortfall of Rs 5 billion will be met from cash balance.
