Local levels in Tanahu present a budget of around Rs. 7.91 billion « Khabarhub


Local levels in Tanahu present a budget of around Rs. 7.91 billion

Local levels in Tanahu present a budget of around Rs. 7.91 billion

TANAHU: Tanahun Local Governments have presented a budget estimate of around Rs. 8 billion for the upcoming financial year 2022/23.

Four municipalities and six rural municipalities in the district have filed details of their respective revenues and expenditures for the new fiscal year.

The highest budget was presented by the Municipality of Byas and the lowest by the Rural Municipality of Ghiring.

Byas Municipality presented an estimated budget of Rs. 1.65 billion.

Of the allocated budget, current expenditure is estimated at Rs. 865.5 million and capital expenditure at Rs. 789.99 million, Deputy Mayor Indira Darai said.

Off Budget, Rs. 589.8 million is Conditional Grant from Federal Government, Rs. 226 million from Internal Source Revenue, Rs. 206.9 million from Financial Equalization Grant from Federal Government, Rs. 100 million from Reserve Fund and Rs. 100 million revenue share.

Ghiring Rural Municipality submitted an estimated budget of Rs. 496.68 million.

Out of this, Rs. 269.13 million has been allocated for current expenditure and Rs. 232.6 million for capital expenditure, according to Vice President Radha Devi Adhikari.

Similarly, Bhanu Municipality presented an estimated budget of Rs. 896.8 million while Shuklagand Municipality presented a budget of Rs. 1.22 billion.

Bhimad Municipality presented an estimated budget of Rs. 670 million. The Rural Municipality of Devghat presented an estimated budget of Rs. 526.64 million.

The Rural Municipality of Rishing submitted an estimated budget of Rs. 499.9 million. Aabukhaireni Rural Municipality has presented a budget estimate of Rs. 605.33 million.

Bandipur Rural Municipality has submitted a budget of Rs. 626.29 million.

Myagdi Rural Municipality has presented a budget estimate of Rs. 732.69 million.

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