Friday, April 12, 2013

Nepal’s FY2013 budget brief

The government finally released a full budget (in 9th month!) for FY2013. On 9 April 2013, the President endorsed Appropriation Ordinance 2013, Financial Ordinance 2013 and Ordinance to Mobilize Internal Debt 2013. Earlier, the government released one-third budget on 15 July 2012 and two-third budget on 20 November 2012, keeping the expenditure limit at Rs 351 billion. Below is a breakdown of expenditure allocation and projected revenue for FY2013.

FY 2013
GDP growth rate (%)- revised 3.6
FULL budget allocation for FY 2013 
Rs billion %
Projected total expenditure 404.8
    Recurrent  279.1 68.9
    Capital 66.1 16.3
    Financial provision 59.7 14.7
Projected total revenue 341.0
    Revenue 289.6
    Foreign grants 47.0
    Principal repayment 4.4
Deficit financing 63.8
   Foreign loans 25.8
   Domestic borrowing 38.0

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