KATHMANDU, APRIL 14
The government's development expenditure has remained sluggish, reaching only 29.2 percent of the annual target by the third quarter of the current fiscal year 2024/25.
According to the Financial Comptroller General Office (FCGO), capital expenditure stood at Rs 102.9 billion as of April 12, against the allocated Rs 352.35 billion for the fiscal year.
Not just capital spending, overall budget execution has also been underwhelming. By April 13, the government had spent only 53.67 percent of the total budget. Out of the Rs 1.8603 trillion allocated for the fiscal year, Rs 998.50 billion has been spent so far.
Spending under the recurrent expenditure heading has reached 59.45 percent. Of the Rs 1.14066 trillion earmarked for regular expenses, Rs 678.06 billion has been utilized.
Likewise, expenditure under financial management has reached 59.23 percent. The government had allocated Rs 367.28 billion for this heading, of which Rs 217.56 billion has been spent as of April 13.
Revenue collection below expectations
Revenue performance has also lagged behind targets. As of April 11, only Rs 821.67 billion has been collected-just 57.89 percent of the annual revenue target of Rs 1.4193 trillion.
Foreign grant inflow has been particularly low, with only Rs 14.26 billion-27.27 percent of the annual target-received against the goal of Rs 52.32 billion for the fiscal year.
