Khumbu Pasang Lhamu top royalty earner

This image shows Chaurikharka area in Khumbu Pasang Lhamu Rural Municipality of Solukhumbu district. Image: Google Maps

, December 24

Khumbu Pasang Lhamu of Solukhumbu district has topped the chart of natural resource earners at the local level, generating Rs 15 million in in the last fiscal from the use of mountains, rivers, forests and mines.

Next in the league table of top natural resource royalty earners is Tamakoshi Rural Municipality of Dolakha district (Rs 88.9 million), followed by Gokulganga Rural Municipality of Ramechhap district (Rs 78.7 million), Bidur Municipality of (Rs 35.5 million) and Bhotekoshi Rural Municipality of (Rs 33 million).

This is the first the federal has distributed royalty collected from use of four natural resources — mountains, rivers, forests and mines — at the local level. The royalty generated in the last fiscal was disbursed last week.

Of the 753 local units across the country, 576 local governments, or 76.5 per cent, had received a royalty from use of natural resources. The federal government had distributed Rs 1.4 billion in royalty among these local governments.

The federal government distributes 25 per cent of the total royalty generated from the use of natural resources at the local level and another 25 per cent among seven provinces. It keeps 50 per cent of such royalty.

As per this formula, seven provinces received Rs 1.4 billion in royalty, with Province 3 becoming the highest revenue earner (Rs 531.1 million), followed by Gandaki (Rs 285.9 million) and Lumbini (Rs 250.9 million).

The federal government retained Rs 2.9 billion in royalty collected from the use of natural resources.

A big chunk of royalty was collected from the use of rivers, which house quite a number of hydropower projects.

Nepal generated Rs 748.7 million, or 52.3 per cent of the total royalty, from the use of rivers. Forests made a contribution of Rs 390.6 million to the government’s royalty, followed by mines (Rs 154.5 million) and mountains (Rs 138.4 million).

Read the full news article on The Himalayan Times.

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