www.lawcommission.gov.np (4) The Federation, Province and Local Level shall provide for equitable distribution of benefits derived from the use of natural resources or development. Certain portions of such benefits shall be distributed, in accordance with law, in the form of royalty, services or goods to the project affected regions and local communities. (5) In case, in utilising natural resources, the local community desires to make investment therein, the Federation, Province and Local Level shall accord priority to such investment in such portion as provided by law on the basis of the nature and size of such investment. (6) The Government of Nepal shall have power to obtain foreign assistance and borrow loans. Such assistance or loans shall be so obtained or borrowed as to have macro-economic stability of the country. (7) Provisions relating to the management of budget deficits and other fiscal discipline of the Federation, Province and Local Level shall be as provided for in the federal law. 60. Distribution of Sources of Revenue: (1) The Federation, Province and Local Level may impose taxes on matters falling within their respective competence and collect revenue from these sources. Provided that provisions relating to the imposition of taxes and collection of revenue on matters enumerated in the Concurrent List and on matters that are not contained in the List of any level shall be as determined by the Government of Nepal. (2) The Government of Nepal shall make provisions for the equitable distribution of the collected revenue to the Federation, Province and Local Level. (3) The amount of fiscal transfer receivable by Province and Local Level shall be as recommended by the National Natural Resources and Fiscal Commission. (4) The Government of Nepal shall, on the basis of the need of expenditure and revenue capacity, distribute fiscal equalization grants to Province and Local Level. (5) Each Province shall, in accordance with the provincial law, distribute fiscal equalization grants out of the grants received from the Government of Nepal and 36