Govt reduces fiscal equalization grant by Rs 317.4 million in Makwanpur
HETAUDA, May 3 -- The fiscal equalization grant (FEG) allocated for the local governments in Makwanpur for the fiscal year 2023/24 has been reduced.
A Cabinet meeting on January 23 decided to reduce the budget to be allocated for the local governments. On the recommendation of the National Natural Resources and Fiscal Commission, the federal government has decided to reduce the budget by 25.89 percent for the local governments across the country in the budget approved for this year.
As a result, a total of Rs 317.4 million federal government grant will be cut across 10 local governments in Makwanpur.
The Financial Comptroller General Office (FCGO) issued a circular on April 24 to all district treasury offices nationwide, instructing th...
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