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Sunday, April 30, 2023

Where the money for poverty reduction is flowing?

 Simple Question for Economists?


Nepal Budget 2022/23: 


1. Budget allocation according to SDG Categories:

            No Poverty = Rs. 170.66 Billion

            Zero Hunger = Rs. 80.26 Billion

            Which Equals to Rs. 250.92 Billion

 

2. UNDP report Multidimensionally poor: 17.5 %  ( 52 Lakh) people

 

3. If Rs. 250.92 Billion budget is allocated equally to 52 lakh people then it equals to Rs. 48,000 for each. If four people per family then a family receives Rs. 1,92,000 per family per year. No more hunger and poverty for the year. But ?

 

How much of this amount go to the Household or People below poverty line?

 

Data Source: 

1. Budget Speech of Fiscal Year 2022/23  Annex 13 from:  www.mof.gov.np

2. UNDP Report, Multidimensional Poverty Index 2022 https://hdr.undp.org/sites/default/files/Country-Profiles/MPI/NPL.pdf