SURHET, May 26: The Karnali Province Government has spent only 31 percent of its annual budget in the first 10 months of the current financial year. According to the Province Financial Comptroller Office, 31.22 percent of the budget has been spent in 10 months. The province has made 38.82 percent recurrent expenditure and 26.15 percent capital expenditure. The budget of Karnali province government for the current financial year is Rs 32.17 billion. Out of which only Rs 10.23 billion has been spent by April.
Expenditure made by the government on infrastructure and development projects is referred to as public capital expenditure. This spending is primarily focused on areas such as roads, bridges, buildings, communication, energy, and irrigation. Capital expenditure plays a crucial role in boosting production, income, and employment within the economy.
KATHMANDU, April 7: With three months left until the end of the current fiscal year, the government has barely spent a quarter of its capital expenditure. With one week left until the end of nine months of the current fiscal year, the capital expenditure has hardly been 25 percent.
Capital expenditure refers to the financial resources spent on infrastructure development of the country. The government’s capital budget includes funds allocated for the purpose of executing civil works and purchasing land, buildings, furniture, vehicles, plants, and machinery.
Prime Minister Pushpa Kamal Dahal has expressed his concern over the ‘pathetic’ capital expenditure and the ailing status of the entire financial cycle of the country. The newly appointed head of the government expressed his worry at a time when the country’s capacity for capital expenses is depleting year after year.
Kathmandu, Dec 17: The government’s budget expenditure in the first five months of the current fiscal year stands at 24.26 percent of Rs 1,793 billion allocated for FY 2022/23. A report published by the Financial Comptroller General Office (FCGO) shows that the government’s capital expenditure is weak while the current expenses are comparatively high.
KATHMANDU, July 18: The Ministry of Physical Infrastructure and Transport, which has the main responsibility for advancing the developmental projects in the country, has spent only 53 percent of its allocated budget on capital expenditures in the previous fiscal year 2021/22. This is the lowest in the last 6 years. Additionally, the ministry’s expenditure is less this year than that seen during the COVID-19 pandemic.
KATHMANDU, July 18: The government’s spending under capital expenditure appeared dismal yet again in the fiscal year 2020/21 that ended on Thursday with the government utilizing only 64.69 percent of the funds allocated under the heading.
KATHMANDU, June 29: The government has sped up ‘Asare Bikas’-- the year-end rush to exhaust the money allocated for development projects -- in a bid to save it from potential criticisms that it was unable to make enough capital expenditure.
KATHMANDU, March 16: The government has been able to spend only one-fourth of the budget allocated for development projects in the first eight months of the current fiscal year, revealing the perennial problem of the government to spend money under capital expenditure.
BAJURA, March 23: Bajura district has spent the least amount of budget allocated by the provincial government compared to other districts in the Sudurpashchim province. According to province officials, the district has managed to spend only 23% of the allocated recurrent expenditure and 6% of the allocated capital expenditure.
KATHMANDU, Feb 13: The government on Wednesday expressed its firm determination to achieve its target of economic growth after revising the earlier announced budget size and expected expenditures allocated for development works.
BIRATNAGAR, Nov 4: The capital expenditure of Province 1 in the first quarter of the current fiscal year (2076/2077) stood at only around four percent, according to the Office of the Financial Comptroller General (OFCG), Biratnagar.
KATHMANDU, Jan 16: The government’s performance in terms of boosting capital expenditure did not improve much in the first half of the current fiscal year in comparison to the same period of the previous fiscal year – FY2017/18.
KATHMANDU, Dec 18: While the newly-implemented federal system of governance was expected to expedite development works, budget spending figures of provincial governments suggest that they are are also struggling to boost their expenditures.