KATHMANDU, MARCH 14
In the first eight months of the current fiscal year, the country has received foreign aid worth Rs 5.30 billion.
According to the Financial Comptroller General Office (FCGO), the collected amount is only 8.77 per cent of the total original target of the government, and 15.14 per cent of the revised target.
While announcing the budget for the current fiscal year, the government had targeted to receive a total of Rs 60.52 billion in foreign aid.
However, during the mid-term review of the budget, the government had revised down foreign aid target to Rs 35 billion.
Amid this, the government has collected revenue worth Rs 571 billion in the first eight months of the current fiscal year. According to the FCGO, the government has collected 56.46 per cent of the original revenue collection target and 53.13 per cent of the revised target. The government had targeted to collect altogether Rs 1,011 billion as revenue in the current fiscal year, which was later revised up to Rs 1,074.68 billion.
Meanwhile, the report prepared by FCGO has revealed that only 22.58 per cent of original budget and 28.16 per cent of revised budget allocated for development projects has been spent in the first eight months of the current fiscal year.
A total of Rs 79.69 billion in development budget has been utilised in the review period.
During the budget announcement, the government had targeted to spend a total of Rs 352 billion in capital expenses. The allocation was reduced to Rs 283 billion during the midterm budget review.
According to FCGO, of the total Rs 989 billion originally allocated towards recurrent expenditure, which was later revised down to Rs 914.78 billion, Rs 455 billion has been mobilised so far.
Similarly, towards financing, a total of Rs 35.50 billion has been spent in the first eight months of the current fiscal year while the government had targeted to spend Rs 172.79 billion.
The allocation was revised down to Rs 146.86 billion through the mid-term review.
This means the government has spent 20.55 per cent of the original target and 24.17 per cent of the revised allocation under the given heading.
The government had announced the budget of 1,474.64 billion for the current fiscal year. However, via mid-term review, the government has reduced the size of the budget to Rs 1,344.68 billion.
A version of this article appears in the print on March 15, 2021, of The Himalayan Times.