The purpose of the report titled “Budget Analysis of Gandaki Province (A study of FY 2018/19-22/23)” is to provide a comprehensive understanding of the budget process in the Gandaki Province of Nepal during the four years of federalism. The report aims to facilitate the Gandaki Provincial Government, its entities, public citizens, and stakeholders in comprehending the trends in budget allocation, revenue collection, and expenditure patterns from fiscal year (FY) 2018/19 to FY 2022/23. Additionally, it aims to assist policy makers, planners, and external development partners in comprehending the funding of policy commitments through the annual work plan and budget within the framework of federalism. The analysis in the report is based on data obtained from various sources, including the Gandaki Province Government’s Budget Statements, Red Book, Economic Surveys, stakeholders’ discussion, research reports, and financial monitoring reports.