Biratnagar Metropolitan City Reports Weak Capital Expenditure in FY 2082/83

Biratnagar Metropolitan City has published the annual financial progress report for the fiscal year 2082/83.

According to the published report, the metropolitan city's development expenditure (capital expenditure) situation appears weak.  

According to the notice issued by the metropolitan city today, only 39.76 percent of the budget allocated for capital expenditure in FY 2082/83 has been spent. The metropolis was able to spend only 69 crore 59 lakh 74 thousand 991 rupees out of the amount set aside for development construction works. In comparison, current expenditure (administrative and operational expenses) was 79.55 percent, amounting to 1 Arba 51 crore 76 lakh 53 thousand 126 rupees.

The internal revenue situation of the metropolitan city is also not satisfactory. Compared to the target, only 49.8 percent, or 71 crore 14 lakh 78 thousand 278 rupees, has been collected from internal sources. This amount also includes the balance from the previous year.

Similarly, progress in revenue sharing also appears to be only 56.76 percent.

However, the situation of grants received from the federal government and the provincial government appears good. 97.55 percent, or 1 Arba 21 crore 77 lakh, from the federal government and more than the target, i.e., 100.63 percent, or 31 crore 40 lakh rupees, has been earned from the provincial government.

The metropolitan city has admitted that payments for some projects and programs completed in the fiscal year 2082/83 could not be made due to a lack of resources. The metropolis has stated that the payment for these projects will be prioritized in the upcoming fiscal year 2083-84.