Budget prioritizes economic revival

budgetThe government has unveiled the first budget drawn up since the country introduced a new constitution last September, with a focus on funding reconstruction and reviving the battered economy.

The government plans to spend Rs 140.7 billion in post-quake reconstruction and rehabilitation works in the next fiscal year.

Among others, the government has earmarked Rs 10 billion to begin construction of the much-talked-about Kathmandu-Tarai Fast Track. Similarly, Rs 7.2 billion has been allocated for Gautam Buddha Regional International Airport; Rs 5 billion for Pokhara Regional International Airport; Rs 4.2 billion for Postal Highway; and Rs 1.50 billion has been set aside to acquire land for the construction of Second International Airport in Nijgad of Bara.

Similarly, the government has unveiled plans to repair airports in Jiri of Dolakha, Patan of Baitadi, Saphebagar of Achham, Gokuleshwor of Darchula, Rajbiraj of Saptari and Kanchanpur. Likewise, the government has allocated funds for expansion of airports in Dhangadhi, Dang and Biratnagar.

Similarly, the government has also allocated budget for Domestic Tourism Year 2073 BS and Visit Nepal Year 2018 AD.

The government has also announced plan to establish an integrated rescue centre for mountaineers to manage and make mountaineering tourism safe

The centres will be established in the areas of Everest, Annapurna and Rolwaling regions.

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