KATHMANDU, Feb 8: The budget expenditure of the provinces in the first six months of the current fiscal year 2024/25 has been dismal.
As per the half-yearly review report released by the government, the budget expenditure of the provinces stands at 16.18 per cent of the annual target.
The provincial governments had announced a total budget of Rs 278.69 billion in the current fiscal year while they have spent only Rs 45.9 billion as of January 13, 2025.
Madhesh Province had announced a budget of Rs 43.89 billion for the current fiscal year but has spent only Rs 2.46 billion in the six months of the current fiscal year. This is 5.61 per cent of the total budget.
Similarly, Sudurpaschim Province has spent 14.82 per cent of the total budget in the review period. The province had unveiled a budget of Rs 31.62 billion for the current fiscal year while it has spent only Rs 4.68 billion during the period.
Likewise, Karnali Province witnessed 15.14 per cent expenditure. It spent Rs 4.75 billion in six months of the current fiscal year. The province had announced a budget of Rs 31.41 billion for the current fiscal year.
Lumbini Province unveiled an annual budget of Rs 38.97 billion for the current fiscal year while it has spent Rs 7.53 billion in the first six months of the current fiscal year (FY 2024/25), which is 19.36 per cent.
Similarly, Gandaki Province has spent 19.36 per cent of its total budget during the review period. Out of Rs 32.97 billion budget, only Rs 6.38 billion has been spent so far.
Bagmati Province had announced a larger budget compared to other provinces for the current fiscal year. It had introduced a budget of Rs 64.54 billion. The province spent Rs 10.29 billion (16.27 per cent) during this period.
Likewise, Koshi Province had unveiled a budget of Rs 35.27 billion for FY 2024/25. It spent 24.85 per cent of the total budget during the period which stood at Rs 8.77 billion.
RSS