Kathmandu : The government has revised the budget for the current fiscal year.

Modifying the budget number brought by the budget ordinance, the government has brought a budget replacement bill of Rs. 1,632.83 billion.

Finance Minister Janardan Sharma has reduced the debt target by Rs 37 billion through the budget.

Of the total allocation, Rs 677.19 billion (41.42 per cent) was on the current side, Rs 378.10 billion (23.16 per cent) on the capital side and Rs 189.44 billion (11.60 per cent) on the financial side. He informed that Rs. 387.30 billion (23.72 percent) has been allocated for financial transfer at the local level.

Earlier, the then Finance Minister Bishnu Prasad Poudel had brought a budget of Rs 1.647 trillion from the ordinance. Of this, Rs 668 billion was allocated for current account, Rs 374 billion for capital account and Rs 207 billion for financial management.