Capital Expenditure Trails as Nepal's Fiscal Year Spending Reaches 47.18% by Falgun End

Kathmandu. Capital expenditure for the current fiscal year appears weak as of the end of Falgun. According to the Office of the Comptroller General, only about 19% of the capital expenditure was realized by the end of the second quarter.

Out of the total budget of Rs 19.64 Kharba 11 Crore presented by the federal government for the fiscal year, Rs 9 Kharba 26.58 Crore 65 Lakh has been spent by the end of Falgun. This accounts for 47.18% of the annual allocation. Of the Rs 11 Kharba 80.98 Crore allocated for current expenditure, 54.37% has been spent.

The office stated that out of the Rs 4 Kharba 7.88 Crore 80 Lakh allocated for capital expenditure, 19.24% has been spent, while for the financial management heading, out of the Rs 3 Kharba 75.24 Crore 20 Lakh allocated, 54.89% or Rs 2 Kharba 5.95 Crore 23 Lakh has been spent to date.

Similarly, government revenue collection by the end of Falgun stands at 49.89% of the annual target. The government aimed to collect Rs 15 Kharba 33.44 Crore 69 Lakh in revenue for the current fiscal year, but by the end of Falgun, Rs 7 Kharba 65.10 Crore 16 Lakh in revenue had been collected.

For tax revenue, out of the target to collect Rs 13 Kharba 25.58 Crore 39 Lakh, 51.4% of the annual target was collected by the end of Falgun. Meanwhile, for non-tax revenue, out of the target to collect Rs 1 Kharba 54.41 Crore 61 Lakh, 45.78% has been collected to date, the office reported.

The Office of the Comptroller General also stated that out of the target to receive Rs 53.44 Crore 69 Lakh in foreign grants for the current fiscal year, 24.78% of the annual target, or Rs 13.24 Crore 50 Lakh in grants, has been received so far.