BKathmandu, June 15: Provincial governments in Nepal are set to announce their budgets for the upcoming Fiscal Year 2025/25 on Sunday focusing on infrastructure, agriculture, employment and production development.
The size of their budget will be on par with the current year while Lumbini is set to downsize it significantly. Since all of them are struggling with resource constraints, are dependent on federal grants and have failed to generate reliable sources for revenue generation, they plan to remain modest in their aspirations.
The federal government has earmarked Rs. 97.56 billion in grants to the seven provinces. Among the provinces, Karnali Province will receive the highest grant allocation of Rs. 16.04 billion. In contrast, Gandaki will receive the smallest share – Rs. 12.23 billion. Likewise, Rs. 14.50 billion will go to Koshi, Rs. 12.73 billion to Madhes and Rs. 13.81 billion to Bagmati, Rs. 14.01 billion to Lumbini and Rs. 14.20 billion to Sudurpashchim.
Bagmati, Gandaki, Karnali, Madhes, Sudurpaschim, and Lumbini prioritise increasing local production, particularly in agriculture and allied sectors. Likewise, Gandaki, Sudurpaschim, Karnali, Madhes aim to create employment, involve returnee migrants, and enhance public-private cooperation.
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