Federal Government Increases Intergovernmental Fiscal Transfer to Provinces

Biratnagar. In Nepal's federal governance system, provincial governments are still financially dependent on grants from the center. However, the federal government has slightly increased the size of intergovernmental fiscal transfers to the provinces for the upcoming fiscal year (2083/084).

The federal government's Finance Minister Dr. Swarnim Wagle has presented a budget of 21 kharba 24 arba 34 crore for the upcoming fiscal year. For the current fiscal year, the federal government had presented a budget of 19 kharba 64 arba.