Kathmandu, June 2
The government is planning to spend Rs 9.27 billion for projects that fall under the Millennium Challenge Corporation in the fiscal year 2022-23.
According to the Ministry of Finance, it has doubled the budget for the US-funded MCC project compared to Rs 4.29 billion for the current fiscal year.
Despite continuous protest, the MCC was passed by the House of Representatives this year.
Read more about the long-standing dispute about the MCC deal.
The government is spending the budget on acquiring land for road and transmission line projects.
Out of the budget set for this year, Rs 8.91 billion will be US grant and Rs 365.6 million will be spent by the government of Nepal. Most of the money for this project is spent on capital purposes.
