Govt spends 57.23% of the capital budget in FY 2021/22

Kathmandu, July 17

The government has been able to spend just 57.23 per cent of the capital budget in the recently ended the fiscal year 2021/22.

The government had initially allocated Rs 378.09 billion in the capital budget for the current fiscal year (mid-July 2021 to mid-July 2022). However, it was scaled down to Rs 340.32 billion in the budget revision.

Yet, as the year has ended, the government has been able to spend only Rs 216.37 per cent billion of the amount, informs the Financial Comptroller General Office. This is 57.23 per cent of the initial spending target.

It means the government could not get rid of the problem of the low spending capacity also, which would ultimately result in a lot of development and construction work in the final months of the fiscal year in haste. Such a tendency is ultimately blamed for poor development works.

In the past month alone, the government spent Rs 79 billion.

Source link

Leave a Reply

%d bloggers like this: