KATHMANDU, APRIL 14
The government's capital expenditure continued to remain sluggish in the first nine months of the current fiscal year at Rs 107 billion of the total annual allocation of Rs 380.38 billion under the capital budget heading.
As per the Financial Comptroller General Office (FCGO), only 28.19 per cent of revised budget allocated for development projects was spent in the nine months.
Although the capital expenditure during the first three months of the current fiscal year had increased compared to the corresponding period of the previous fiscal, spending of less than 30 per cent of the capital budget in nine months cannot be deemed satisfactory.
Meanwhile, during nine months, 52.57 per cent of the budget has been spent from the government's treasury. According to FCGO, Rs 943 billion out of the total Rs 1.7 trillion budget allocated for the current fiscal year has been spent in the review period. This means the government will have to spend more than Rs 750 billion over the next three months to meet its target.
Similarly, 59.73 per cent of the recurrent expenditure and 56.05 per cent of the financing budget have been spent in the review period. Out of the Rs 1.1 trillion allocated for recurrent expenditure, Rs 706 billion has been spent in this period, while Rs 129 billion of the Rs 230 billion allotted for financing purposes has been spent during the review period.
On the other hand, out of the targeted Rs 1.4 trillion, the total receipts of the government have reached 49.67 per cent or Rs 724 billion.
The total receipts include Rs 683 billion in revenue, Rs 4.80 billion in grants and Rs 35 billion in other receipts.
Of the total revenue target of Rs 1.4 trillion, the government collected 48.73 per cent in the review period. The revenue includes Rs 616 billion in tax revenue and Rs 67 billion in non-tax revenue.
