Ministry Faces Budget Challenge for Chemical Fertilizer Supply

Kathmandu. Although the Ministry of Agriculture, Forest and Environment has pledged not to let there be a shortage of chemical fertilizers in the upcoming season, it has stated that it is facing a major challenge in budget management.

Dr. Rajendra Prasad Mishra, Secretary of the Ministry of Agriculture, Forest and Environment, said that the current burden of subsidy is difficult for the state to bear and that a new method is being sought for its management. Speaking at a meeting of the Agriculture and Natural Resources Committee of the Federal Parliament on Thursday, Secretary Mishra informed that a work plan for after February has been advanced for the smooth supply of fertilizer. He stated that preparations are being made according to the high demand for fertilizer during the main season from May to July and August. According to the ministry, at the current market price, a subsidy of up to Rs 120 per kg has to be provided, which requires a budget of around Rs 59 billion. Although coordination is underway with the Ministry of Finance, the government is in crisis to raise such a large amount.