KATHMANDU, March 15: Development expenditure until the end of Falgun month (March 14) of the current Fiscal Year (FY) has been weak.
According to the Financial Comptroller General Office (FCGO), only about 19 percent of capital expenditure has been made by the second quarter.
Govt's budget expenditure stands at nine percent in two months...
The federal government has brought a total budget of Rs 1.964 trillion for the current fiscal year, of which Rs 926.58 billion has been spent as of Saturday.
This is 47.18 percent of the annual budgetary allocation. Out of an allocation of Rs 118.98 billion under the current expenditure heading, 54.37 percent has been spent.
It has been reported by the FCGO that under the capital expenditure heading, out of an allocation of Rs 407.88 billion, 19.24 percent has been spent, while under the financial management heading, out of an allocation of Rs 375.24 billion, 54.89 percent, that is Rs 205.95 billion, has been spent so far.
Similarly, the government's revenue collection until the end of Fagun stands at 49.89 percent of the annual target. The government had set a target to collect Rs 1.533 trillion in revenue for the current fiscal year, out of which Rs 765.10 billion has been collected until the end of Falgun.
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