Government Budget Expenditure Reaches 60% by End of Baishakh

Kathmandu. By the end of Baishakh of the current fiscal year, the government's budget expenditure has reached approximately 60 percent of the annual allocation.

According to the Office of the Controller General of Accounts, a budget of Rs 11 kharba 73 arba 52 crore 1 lakh has been spent in the last ten months. The government had brought a budget of Rs 19 kharba 64 arba 11 crore for the current fiscal year, of which 59.75 percent has been spent so far.

According to the office, out of Rs 11 kharba 80 arba 98 crore allocated for current expenditure in the current fiscal year, 68.98 percent, i.e., Rs 8 kharba 14 arba 65 crore 55 lakh, has been spent by the end of Baishakh. Similarly, out of Rs 4 kharba 7 arba 88 crore 80 lakh allocated for capital expenditure, 27.91 percent, i.e., Rs 1 kharba 13 arba 84 crore 92 lakh, has been spent.

Expenditure under financial management has reached 65.30 percent so far. For this heading, the government had allocated Rs 3 kharba 75 arba 24 crore 20 lakh for the current fiscal year, of which Rs 2 kharba 45 arba 1 crore 54 lakh has been spent so far.

By the end of Baishakh, the government's income has been limited to 66 percent of the annual target. Against a target of Rs 15 kharba 33 arba 44 crore 69 lakh for the current fiscal year, the government has earned Rs 10 kharba 12 arba 5 crore 24 lakh so far. The government, which set a target of collecting Rs 14 kharba 80 arba in revenue this fiscal year, has collected only Rs 9 kharba 88 arba 55 crore 22 lakh, which is 66.69 percent of the annual target, in the last ten months.

The government, which had set a target of receiving Rs 53 arba 44 crore 69 lakh in foreign grants for the current fiscal year, has received only 33.28 percent of that target, i.e., Rs 17 arba 78 crore 76 lakh, so far.