Madhesh Province Government Spends Only 21% of Budget in 11 Months
Janakpurdham. The Madhesh Province government has managed to spend only 21 percent of its budget in the first 11 months of the current fiscal year. From the beginning of the fiscal year in Saun until the end of Jestha, the provincial government has spent 21.24 percent of its total budget.
According to the Provincial Treasury Comptroller Office, out of a total budget of Rs 46 billion 983.351 million, the provincial government has only spent Rs 9 billion 980.40126 million by the end of Jestha. With only one month left in the fiscal year, the provincial government still has over Rs 37 billion in budget remaining.
During the 11-month period, 13.76 percent of the capital budget and 36.22 percent of the recurrent budget have been spent.
According to the Provincial Treasury Comptroller Office, out of the Rs 15 billion 643.72182 million allocated for recurrent expenditure, only Rs 5 billion 666.653352 million has been spent in 11 months. Similarly, out of the Rs 31 billion 339.629180 million allocated for capital expenditure, only Rs 4 billion 313.4774 million has been spent.
According to the ministry-wise details, the Ministry of Sports and Social Welfare has spent the least at 0.58 percent of its capital budget. Out of the Rs 1 billion 324.419 million allocated for that ministry, only Rs 769,7758 has been spent as capital budget.
On the other hand, the Ministry of Finance has spent the highest at 24.59 percent of the capital budget. Likewise, the Ministry of Industry, Commerce and Tourism has spent 2.42 percent, the Ministry of Health and Population 4.94 percent, the Ministry of Education and Culture 5.22 percent, the Ministry of Energy, Irrigation and Water Resources 9.15 percent, the Ministry of Labor and Transport 9.54 percent, the Office of the Chief Minister and Council of Ministers 11.64 percent, the Ministry of Home, Communication and Law 13.23 percent, the Ministry of Land Management, Agriculture and Cooperatives 14.34 percent, the Ministry of Forests and Environment 19.28 percent, and the Ministry of Physical Infrastructure Development 19.62 percent of their capital budgets.
Madhesh Province Finance Minister Yuvraj Bhattarai stated that only 59.15 percent of the budget allocated for the current fiscal year is estimated to be spent. According to him, approximately Rs 27 billion 790 million is projected to be spent in the current fiscal year, with an estimated Rs 8 billion 640 million for recurrent expenditure and Rs 19 billion 140 million for capital expenditure.
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