KATHMANDU, March 14: The government spent only 23 percent of the capital expenditure in the first eight months of the current Fiscal Year (FY) 2024/25.
The government allocated a capital budget of Rs 352.35 billion for the current fiscal year. However, by the end of Falgun (mid-March), only Rs 81.77 billion had been spent, according to the Financial Comptroller General Office (FCGO). During this period, 51 percent of the recurrent budget target was utilized.
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For recurrent expenditure, Rs 1.140 trillion was allocated, and by the end of Falgun, Rs 583.71 billion had been spent.
Similarly, out of the Rs 367.28 billion allocated for the financial management sector, 47 percent, or Rs 172.89 billion, had been spent.
According to FCGO data, revenue collection has reached only half of the target, standing at 50.75 percent in the eight months. The government had set a target of collecting Rs 1.419 trillion in revenue this year, but only Rs 715.44 billion had been collected by the end of Falgun.
As for foreign grants, only 17 percent of the target has been achieved. The government aimed to receive Rs 52.32 billion in foreign grants this FY; however, only Rs 9.11 billion had been received in the first eight months.
In eight months, the government generated a total income of Rs 733.87 billion while incurring an expenditure of Rs 838.38 billion. The government account has suffered a loss of Rs 105 billion.
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