Koshi Province Spends 36% of Budget in 10 Months

Biratnagar. Koshi Province government has been able to spend only about 36 percent of the total budget in the first 10 months of the current fiscal year 2082/83. According to the data of the Province Treasury Comptroller's Office, with only two months left until the end of the fiscal year, the government still has 63.71 percent of the budget to spend.

The provincial government had announced a budget of Rs 36 billion 2 crore 2 lakh for the current fiscal year. As per the details until the end of Baisakh, the government has spent only Rs 13 billion 7 crore 10 lakh 11 thousand 121. Now, if the government is to meet its target in the months of Jestha and Ashad, it will have to spend Rs 22 billion 94 crore 91 lakh 88 thousand 878.

The situation of capital expenditure, considered the main backbone of the province's development, appears even slower. Out of the Rs 17 billion 14 crore 29 lakh 80 thousand allocated by the government for development construction, only Rs 5 billion 29 crore 86 lakh 89 thousand 369 has been spent in 10 months.

The government is under pressure to spend more than Rs 11 billion 91 crore in capital budget in the remaining two months. This indicates that the 'Ashare' development, as in previous years, will be promoted.

However, there has been some improvement in revenue collection compared to administrative and operational expenses. Out of the Rs 18 billion 77 crore 72 lakh 20 thousand current budget, Rs 7 billion 72 crore 68 lakh 95 thousand has been spent. This is about 41 percent of the total current budget.

१० महिनामा बागमती प्रदेशको खर्च ३४ प्रतिशत, विकास बजेटकै खर्च कमजोर

The Ministry of Physical Infrastructure Development, which has the largest budget allocation, has spent only Rs 3 billion 24 crore in 10 months. This ministry still has Rs 7 billion 18 crore budget remaining.

Similarly, out of the Rs 4 billion 60 crore 74 lakh budget of the Ministry of Water Supply, Irrigation and Energy, Rs 2 billion 68 crore 12 lakh is yet to be spent. The Ministry of Health's budget of Rs 3 billion 65 crore has Rs 2 billion 8 crore 26 lakh yet to be spent.

Despite slow spending, the government has shown some progress in revenue collection. By the end of Baisakh, the government had collected a total of Rs 25 billion 5 crore 96 lakh in revenue from various sources. This includes the province's internal revenue, allocated revenue, and grants from the federal government.