Finance Minister Bishnu Poudel presented the budget of Rs 1,048,920,000,000 for fiscal year 2016/17 at the Parliament.The size of the budget is 28 percent more than the budget of current fiscal.The budget was endorsed by a Cabinet meet earlier and Poudel, before starting his speech, said the budget was prepared after consultation with former finance ministers and various stakeholders.While reiterating government’s decision to hold local bodies poll by December, Minister Poudel said government has targeted to achieve an economic growth of 6.8 percent in the next fiscal and prioritized implementation of the constitution, acceleration of development works and reduction of poverty through this budget.Government allocated Rs 140 billion for post-quake reconstruction and rehabilitation works. Earthquake-affected families will also receive an additional Rs 300k each.
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