Nepal | May 28, 2020

Govt spent 82.78pc of budget last fiscal

Himalayan News Service
Share Now:

KATHMANDU, July 18

The government was able to spend only 82.78 per cent of the total budget of Rs 618.10 billion in the last fiscal year 2014-15 due to low expenditure in capital budget.

The government spent 70 per cent of the total earmarked capital budget of Rs 116.76 billion in the last fiscal, according to the Financial Comptroller General Office (FCGO).

Similarly, the government spent 84.42 of the recurrent budget worth Rs 398.95 billion in salary payment of civil servants, grants to local bodies and debt servicing. Of the Rs 102.39 billion allocated for financing provision last fiscal, the government spent 91.12 per cent on investment in state-owned enterprises and for principal repayment.

The government failed to meet the target even after it had revised it during mid-term review of fiscal budget 2014-15. It had revised its target to spend 90.35 per cent of the total budget and had also revised the expenditure target of recurrent expenditure to 92 per cent and capital budget to 85 per cent.


A version of this article appears in print on July 19, 2015 of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

US President Donald Trump, Twitter account

Twitter fact-checks Trump tweet for the first time

SAN FRANCISCO: Twitter on Tuesday for the first time prompted readers to check the facts in tweets sent by US President Donald Trump, warning that his claims about mail-in ballots were false and had been debunked by fact checkers. The move marked a dramatic shift for the social network, Trump Read More...

Darchula Nepali stranded

Indecision prevails on managing migrants mulling return to Nepal

KATHMANDU, MAY 26 The government is yet to take any concrete decision on how to manage quarantine and health facilities, accommodation and visa process for those preparing to return to the country from abroad, including those from major labour destinations. Government officials have made frequ Read More...

More PCR tests necessary for accurate diagnosis

Kathmandu, May 26 A woman, who tested positive for coronavirus infection and was undergoing treatment at Tribhuvan University Teaching Hospital, tested negative twice in the rapid diagnostic test. However, she tested positive for the infection in the polymerase chain reaction test in the National Read More...

Home quarantined pregnant woman dies in Saptari

Rajbiraj, May 26 A pregnant woman staying in home quarantine at Simara Chowk of Kanchanrup Municipality, Saptari, died today. Saptari District Hospital said that the woman aged 24 had died at home at around 7:00am today. “The deceased woman’s throat swab sample was collected and sent to BP Read More...

Deuba renews demand for relief package to journos and media houses

Kathmandu, May 26 Nepali Congress President Sher Bahadur Deuba has once again called on the government to announce relief package for journalists and media houses. Issuing a statement on the occasion of the 29th anniversary of Nepal Press Union today, Deuba expressed concern about scores of jo Read More...

Quarantine facility poses risk of virus spread

Bajura, May 26 Quarantine facility at Malika Higher Secondary School in Bajura headquarters, Martadi, is at high risk of COVDI-19. A total of 93 people, who recently returned from India have been kept in the quarantine facility. They came from red-zone in India. But, they have not undergone Read More...

Bring gender-responsive budget: HoR panel

Kathmandu, May 26 The Women and Social Development Committee of the House of Representatives has directed the federal and provincial governments to bring gender-responsible budget for the fiscal 2020-21 in the wake of adverse situation created by the COVID-19 pandemic. Chairperson of the parli Read More...

Govt projects 2.3 per cent economic growth for this fiscal

Per capita income to increase to Rs 126,018 Despite joblessness absolute poverty to decline KATHMANDU, MAY 26 Halt in economic activities as a result of the lockdown that the government has imposed to control the spread of the COVID-19 contagion was expected to hit the country's econom Read More...