Finance Minister Barsha Man Pun on Tuesday announced a Rs1.86 trillion budget estimate for the fiscal year 2024-25.

The budget size for the next fiscal year 2024-25, beginning mid-July, is 6.2 percent more than the unrevised budget of the current fiscal year. The government had allocated Rs1.75 trillion budget for the fiscal year 2023-24.

Addressing a joint session of the Parliament on Tuesday, Minister Pun said that the recurrent expenditure has been estimated to be Rs1.14 trillion, which is 61.31 percent of the total budget.

Likewise, the capital expenditure has been estimated to be Rs352 billion, which is 18.94 percent of the budget, and the expenditure for financial management has been estimated at Rs367 billion, 19.74 percent of the budget.

According to Pun, the source of financing will be Rs1.26 trillion from revenue, Rs330 billion from internal loans, Rs217 billion from external loans, and Rs52.3 billion from foreign grants.