Govt spent over Rs 37 billion in the last one week alone
KATHMANDU, July 16: The government spent mere 57.18 percent of the allocated development expenditure by Friday, the last official working day of the fiscal year 2021/22.
A Disappointing Picture of Capital Expenditure
According to the Financial Comptroller General Office (FCGO), the government spent only Rs 206.37 billion out of Rs 378 billion allocated for the capital expenditure.
It has been a perennial problem almost every year for the government to adequately exhaust the money allocated for the development activities. The government’s spending on development projects appeared even more pathetic in the current fiscal year despite former Finance Minister Janardan Sharma’s commitment to spend the amount by 10 percent every month.
Like every year, the last hour expenses on infrastructure construction projects surged in the current fiscal year too. The FCGO record shows that the government spent more than Rs 37 billion just in the last week of this fiscal year.
The government has even missed the target of revenue collection for this fiscal year. Against the target of collecting revenue of Rs 1.180 trillion to finance the state expenditure, the actual collection was only 89.75 percent of the target.
