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  /Title (nepal-budget-fy-2078-79-2021-22.pdf)
  /Creator (Cheatography)
  /Author (reccur)
  /Subject (Nepal Budget FY 2078/79 (2021/22) Cheat Sheet)
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    \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{Nepal Budget FY 2078/79 (2021/22) Cheat Sheet}}}} \\
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  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}}  \\
   \vspace{-2pt}Published 29th July, 2021.\\
   Updated 2nd August, 2021.\\
   Page {\thepage} of \pageref{LastPage}.
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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-rupee\}\} Budget}}  \tn
% Row 0
\SetRowColor{LightBackground}
Total Budget & NPR {\bf{1647.57B}} \tn 
% Row Count 1 (+ 1)
% Row 1
\SetRowColor{white}
Comparision with previous FY & {\bf{11.73\%}} higher \tn 
% Row Count 3 (+ 2)
% Row 2
\SetRowColor{LightBackground}
Announcement By & Finance Minister Bishnu P. Paudel \tn 
% Row Count 5 (+ 2)
% Row 3
\SetRowColor{white}
Announcement On & {\emph{Jestha 15, 2078 (29 May 2021)}} \tn 
% Row Count 7 (+ 2)
% Row 4
\SetRowColor{LightBackground}
Recurrent Expenditure & NPR 678.61B (41.2\%) \tn 
% Row Count 9 (+ 2)
% Row 5
\SetRowColor{white}
Fiscal Transfer & NPR 386.71B (23.5\%) \tn 
% Row Count 10 (+ 1)
% Row 6
\SetRowColor{LightBackground}
Capital Expenditure & NPR 347.26B (22.7\%) \tn 
% Row Count 12 (+ 2)
% Row 7
\SetRowColor{white}
Financial Management & NPR 207.97B (12.6\%) \tn 
% Row Count 14 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
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\par\addvspace{1.3em}

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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-rupee\}\} Source of Financing (in Billions)}}  \tn
% Row 0
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Revenue & 1024.90 \tn 
% Row Count 1 (+ 1)
% Row 1
\SetRowColor{white}
Foreign Borrowing & 309.29 \tn 
% Row Count 2 (+ 1)
% Row 2
\SetRowColor{LightBackground}
Domestic Borrowing & 250.00 \tn 
% Row Count 3 (+ 1)
% Row 3
\SetRowColor{white}
Foreign Grant & 63.37 \tn 
% Row Count 4 (+ 1)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
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\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-rupee\}\} Budget under Sectors (in Billions)}}  \tn
% Row 0
\SetRowColor{LightBackground}
General Public Service & \seqsplit{484.05} \tn 
% Row Count 1 (+ 1)
% Row 1
\SetRowColor{white}
Economic Affairs & \seqsplit{442.09} \tn 
% Row Count 2 (+ 1)
% Row 2
\SetRowColor{LightBackground}
Social Protection & \seqsplit{189.90} \tn 
% Row Count 3 (+ 1)
% Row 3
\SetRowColor{white}
Education & \seqsplit{180.04} \tn 
% Row Count 4 (+ 1)
% Row 4
\SetRowColor{LightBackground}
Health & \seqsplit{141.55} \tn 
% Row Count 5 (+ 1)
% Row 5
\SetRowColor{white}
Housing & 80.47 \tn 
% Row Count 6 (+ 1)
% Row 6
\SetRowColor{LightBackground}
Safety & 58.08 \tn 
% Row Count 7 (+ 1)
% Row 7
\SetRowColor{white}
Defence & 52.11 \tn 
% Row Count 8 (+ 1)
% Row 8
\SetRowColor{LightBackground}
Environment Protection & 12.58 \tn 
% Row Count 9 (+ 1)
% Row 9
\SetRowColor{white}
Recreation, culture and religion & 6.70 \tn 
% Row Count 10 (+ 1)
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\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-stethoscope\}\} COVID-19 Relief}}  \tn
% Row 0
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\mymulticolumn{1}{x{5.377cm}}{Startups are poised to get a tax waiver for the next {\bf{5 years}}} \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{A refinancing stimulus of NPR 13 billion will be delivered by the government} \tn 
% Row Count 4 (+ 2)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{Electricity customers, who consume {\bf{less than 20 units}}, stand to get 100\% waiver} \tn 
% Row Count 6 (+ 2)
% Row 3
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{100\% waiver for water consumers who consume {\bf{only 20,000 liters per month}}} \tn 
% Row Count 8 (+ 2)
% Row 4
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{The film, handicraft, aviation, media, advertising, health club, beauty parlor get {\bf{license and renewal waiver}}} \tn 
% Row Count 11 (+ 3)
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-star\}\} Key Takeaways}}  \tn
% Row 0
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\mymulticolumn{1}{x{5.377cm}}{NPR 14B for the Ministry of Labor, Employment and Social Security} \tn 
% Row Count 2 (+ 2)
% Row 1
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\mymulticolumn{1}{x{5.377cm}}{NPR 45.0B for the Ministry of Agriculture} \tn 
% Row Count 3 (+ 1)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{NPR 180.04B for the Ministry of Education} \tn 
% Row Count 4 (+ 1)
% Row 3
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{NPR 1.20B for women, children, and senior citizens} \tn 
% Row Count 5 (+ 1)
% Row 4
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\mymulticolumn{1}{x{5.377cm}}{NPR 7.60B for concessional loans to farmers} \tn 
% Row Count 6 (+ 1)
% Row 5
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{NPR 12B to establish chemical fertilizers} \tn 
% Row Count 7 (+ 1)
% Row 6
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{NPR 4B to procure health and medical supplies to combat COVID-19 pandemic} \tn 
% Row Count 9 (+ 2)
% Row 7
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{NPR 400 million for skill development training} \tn 
% Row Count 10 (+ 1)
% Row 8
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{NPR 2.5 million for the security of educational security certificate} \tn 
% Row Count 12 (+ 2)
% Row 9
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{NPR 4,000 for senior citizen allowance per month} \tn 
% Row Count 13 (+ 1)
% Row 10
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{33\% rise in all types of social security allowances} \tn 
% Row Count 15 (+ 2)
% Row 11
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{50\% subsidies in farm insurance premium} \tn 
% Row Count 16 (+ 1)
% Row 12
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{NPR 12,000 transport allowance to the health volunteers} \tn 
% Row Count 18 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-medkit\}\} Health}}  \tn
% Row 0
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\mymulticolumn{1}{x{5.377cm}}{The total budget of the Ministry of Health and Population of NPR 122.77 billion} \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{NPR 26.75 billion for COVID-19 vaccines} \tn 
% Row Count 3 (+ 1)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{NPR 37.53 billion for COVID-19 control and treatment} \tn 
% Row Count 5 (+ 2)
% Row 3
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{monthly allowance of {\bf{NPR 12,000}} will be given to female community health volunteers} \tn 
% Row Count 7 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
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\begin{tabularx}{5.377cm}{X}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-pencil\}\} Education}}  \tn
% Row 0
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\mymulticolumn{1}{x{5.377cm}}{NPR 180.04 billion has been dedicated to the education ministry} \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{The monthly salary of early childhood development teacher is fixed at {\bf{NPR 15,000}}} \tn 
% Row Count 4 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
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\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-tv\}\} ICT sector}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{{\bf{Mobile Device Management System}} will be brought into operation from Shrawan 1 to control the use of illegal mobile sets as well as the criminal activities} \tn 
% Row Count 4 (+ 4)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{A {\bf{National Payment Switch}} will be established to facilitate payment and clearance of transactions within Nepal} \tn 
% Row Count 7 (+ 3)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{Broadbank internet facility to be expanded up to {\bf{60\%}} public schools} \tn 
% Row Count 9 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
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\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-home\}\} Physical Sector}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{NPR 33 arba 55 crore allocated for Earthquake Reconstruction} \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{NPR 41 arba 20 crore allocated for Housing, Building And Urban Infrastructure, up from NPR 37 arba 80 crore} \tn 
% Row Count 5 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
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\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-money\}\} Loans}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{Up to NPR {\bf{2.5 million}} of a loan at a interest rate of {\bf{max 5\%}} with academic credentials for bachelors as collateral} \tn 
% Row Count 3 (+ 3)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{Loans Up to Rs 2.5 million, a 1\% interest rate for startups, will be doled out to interested startups} \tn 
% Row Count 6 (+ 3)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{A loan of {\bf{NPR 80,000}} will be given to students to procure laptops} \tn 
% Row Count 8 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
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\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-bank\}\} Social Security}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{NPR 1 arba 20 crore allocated for Women, Children, and Senior Citizens, while it was NPR 1 arba 14 crore in the FY 2020/21} \tn 
% Row Count 3 (+ 3)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{NPR 43 arba 54 crore allocated for Drinking Water and Sanitation, while it was NPR 43 arba 10 crore in the fiscal year 2020/21} \tn 
% Row Count 6 (+ 3)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{Monthly salary of Govt. employees increased by {\bf{Rs. 2000}}} \tn 
% Row Count 8 (+ 2)
% Row 3
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{Personnel's allowance up by 15\% for Nepal Police and Armed Police Force} \tn 
% Row Count 10 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-industry\}\} Industries}}  \tn
% Row 0
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\mymulticolumn{1}{x{5.377cm}}{The Ministry of Industry, Commerce and Supplies has been allocated NPR 13.58 billion.} \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{NPR 2 billion has been allotted for industrial infrastructure development.} \tn 
% Row Count 4 (+ 2)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{Remedy to industries affected by Covid-19, including tourism, agriculture and small businesses by providing income tax exemptions from{\bf{ 50-90\%}}} \tn 
% Row Count 7 (+ 3)
% Row 3
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{{\bf{Scrapping visa fees}} for foreigners.} \tn 
% Row Count 8 (+ 1)
% Row 4
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{The excise duty on Electric Vehicles (EV) has also been {\bf{abolished}} and the customs duty has been reduced.} \tn 
% Row Count 11 (+ 3)
% Row 5
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{Tax benefits and {\bf{free land leasing}} facility for the {\bf{top 10 EV manufacturers}} to set up factories in the country.} \tn 
% Row Count 14 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-rupee\}\} Salaries and Allowance}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{The monthly salary is poised to go up by {\bf{NPR 2,000}} for Govt. Employees} \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{Personnel's allowance up by {\bf{15\%}} for Nepal Police and APF} \tn 
% Row Count 4 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
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\par\addvspace{1.3em}

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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-building\}\} Infrastructure plans}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{NPR 15.34 billion is set to be spent on East-West Highway expansion} \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{NPR 10.3 billion will be expended on Railway development} \tn 
% Row Count 4 (+ 2)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{Kathmandu-Terai fast track will be the recipient of NPR 8.15 billion} \tn 
% Row Count 6 (+ 2)
% Row 3
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{The postal highway will be upgraded at the cost of NPR 6.39 billion} \tn 
% Row Count 8 (+ 2)
% Row 4
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{Airports are to be built and renovated with a budget of NPR 20.31 billion} \tn 
% Row Count 10 (+ 2)
% Row 5
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{NPR 43.54 billion has been dedicated to water supply network} \tn 
% Row Count 12 (+ 2)
% Row 6
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{The highway of Madan Bhandari will be revamped at the cost of NPR 3.20 billion} \tn 
% Row Count 14 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-leaf\}\} Agriculture}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{NPR 45.09 billion for the agriculture sector.} \tn 
% Row Count 1 (+ 1)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{NPR 7.98 billion was allocated to the Prime Minister Agriculture Modernization Project.} \tn 
% Row Count 3 (+ 2)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{NPR 12 billion has been allocated as a grant for the production of chemical fertilizers and made provisions to avail {\bf{up to 50\% capital}} grant for pesticide factories.} \tn 
% Row Count 7 (+ 4)
% Row 3
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{Subsidies on seeds} \tn 
% Row Count 8 (+ 1)
% Row 4
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{Establishing agricultural markets and E- Haat Bazaars in every province} \tn 
% Row Count 10 (+ 2)
% Row 5
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{Farming of cash crops around highways} \tn 
% Row Count 11 (+ 1)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-bullhorn\}\} Key projects and announcements}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{The central park from Narayanahiti to Tripureshwar in Kathmandu} \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{Electric vehicles get a boost as road tax get waived for the next {\bf{5 years}}} \tn 
% Row Count 4 (+ 2)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{Plan to replace fossil fuels vehicles in the {\bf{10 years}}} \tn 
% Row Count 6 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
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\begin{tabularx}{5.377cm}{X}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{\{\{fa-circle\}\} Verdict}}  \tn
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\mymulticolumn{1}{x{5.377cm}}{The new budget focuses largely on addressing the control and treatment of COVID-19 with emphasis on procuring vaccines, building the necessary infrastructure, and ensuring the availability of medical supplies including oxygen. Similar plans were made in the previous budget as well, but the progress was very disappointing. Considering that, although a huge chunk of the budget has been allocated for vaccine procurement, it is not clear on how the government actually plans of procuring them. Thus, it may become challenging for the government if plans are not laid out from the start. \newline % Row Count 12 (+ 12)
The budget seems quite ambitious and while there are a lot of positive aspects that the budget has addressed, the endorsement might be quite challenging. Another difficult challenge can be seen as achieving the government's economic growth rate target of 6.5 percent.% Row Count 18 (+ 6)
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