Provinces prioritise development spending in budgets for next fiscal year
Kathmandu, June 16 -- Provincial governments on Monday unveiled their budgets for the fiscal year 2026-27, with most allocating a large chunk of spending to capital projects in a bid to boost development, improve infrastructure and stimulate economic activity.
The provinces prioritised roads, healthcare, agriculture, tourism and public service delivery while attempting to contain recurrent expenditure.
Bagmati Province announced the largest budget among the provinces, unveiling a fiscal plan worth Rs66.93 billion. Minister for Economic Affairs and Planning Prabhat Tamang allocated Rs22.96 billion, or 34.31 percent of the total budget, for recurrent expenditure and Rs43.97 billion, or 65.69 percent, for capital expenditure.
The province...
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