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May 23: The Ministry of Physical Infrastructure and Transport (MoPIT) has asked for a budget of Rs 160 billion for the coming fiscal year 2074/75 BS starting in July.
The Ministry demanded the budget amount exceeding the ceiling of Rs 95.21 billion given by the National Planning Commission (NPC). The demanded amount exceeds the ceiling by Rs 64.40 billion.
The budget ceiling of the Ministry for the upcoming FY was increased by 83.16 percent compared to the ceiling of the current FY. However, citing that the budget ceiling is insufficient, the Ministry has taken initiative to increase the ceiling through Ramesh Lekhak, Minister for Physical Infrastructure and Transport.
The Ministry is taking the initiative for the budget exceeding the NPC ceiling saying the ministry and its underlying departments are facing considerable amount of budget deficiency. In the current fiscal year, the Ministry has received a budget of Rs 79.18 billion.
Out of the total budget demanded by the Ministry, Rs 25 billion has been asked for the Ministry itself, programs under the ministry and for the Kathmandu-Tarai Fast Track construction.
Under this particular heading, the budget ceiling was of Rs 14.51 billion.
Similarly, the largest amount of budget has been demanded under various projects of the Department of Roads. The Ministry has asked for a budget of Rs 120 billion, though it has got a budget ceiling of Rs 74 billion under the heading.
Likewise, the Ministry has demanded Rs 10 billion for railway, a highly publicized project by all the political parties, lately. The Ministry was given only a budget ceiling of Rs 4 billion under the heading of railway. During the current FY, the Ministry had received a budget of Rs 2.01 billion under this heading.
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<p>The budget ceiling of the Ministry for the upcoming FY was increased by 83.16 percent compared to the ceiling of the current FY. However, citing that the budget ceiling is insufficient, the Ministry has taken initiative to increase the ceiling through Ramesh Lekhak, Minister for Physical Infrastructure and Transport.</p>
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<p>Under this particular heading, the budget ceiling was of Rs 14.51 billion.</p>
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