Government Spends 9.17% of Budget by End of Bhadra

Kathmandu – In the first two months of the current fiscal year 2082/83, the government’s budget expenditure has reached 9.17 percent. According to the Office of the Financial Comptroller General, out of the total budget of NPR 1.964 trillion, the government has spent NPR 180.17 billion by the end of Bhadra.

Looking at the breakdown, the current expenditure stands at NPR 114.18 billion out of the allocated NPR 1.180 trillion, which is 9.67 percent. The capital expenditure, however, remains very low with only NPR 6.35 billion spent out of NPR 407.88 billion, equivalent to just 1.56 percent. On the other hand, under financial management, NPR 59.62 billion has been spent out of the NPR 375.24 billion allocation, accounting for 15.89 percent.

Revenue collection has also remained below expectations. The government had set an annual target of NPR 1.533 trillion, but by the end of Bhadra only NPR 159.98 billion has been collected, which is 10.43 percent of the target.

Within this, tax revenue collection stands at NPR 150.40 billion, meeting just 11.35 percent of the annual target of NPR 1.325 trillion. Meanwhile, non-tax revenue has reached only NPR 7.13 billion, which is 4.62 percent of the annual target of NPR 154.41 billion.

Foreign aid collection has also been sluggish. Out of the government’s annual target of NPR 53.44 billion in foreign grants, only NPR 1.27 billion (2.38 percent) has been received so far, reflecting slow progress in external support as well.