KATHMANDU, MAY 28: The gross investment of Nepal is expected to grow by 18.1 percent in the current fiscal year, way down from 29.3 percent last year.

KATHMANDU, May 23: The government has utilized only one-third of the allocated budget under capital expenditure while the end of the current fiscal year is only two months away.

KATHMANDU, April 15: The government has spent only 27.45 percent of the capital budget allocated for the development projects as of the third-quarter of the current fiscal year that ends on Wednesday.

KATHMANDU, March 20: Even as Finance Minister Janardan Sharma earlier announced in public to expedite capital expenditure, there is not much he can take credit for.

KATHMANDU, March 10: Finance Minister Janardan Sharma has directed officials to increase the capital expenditure to 90 percent in the current fiscal year 2021/22.

KATHMANDU, Jan 16: The government spent only 13.44 percent on development projects as of the first six month of the current fiscal year, even at a slower pace compared to the same period last year.

KATHMANDU, September 19: Every year when the government is busy preparing the annual budget, it faces pressure to allocate funds for the projects put forth rampantly by the lawmakers.

KATHMANDU, September 12: The government has claimed that it has planned to speed up capital expenditure to utilize the funds allocated for the development projects this year.

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.

Quality of development works under question as funds are being spent haphazardly

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 19: National Planning Commission (NPC) has stated that the Ministry of Finance (MoF) has been transferring budget in a bid to show high budget 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, Oct 20: The government has been able to achieve only 4.41% of capital expenditure progress in the first quarter of the current fiscal year – FY2019/20.

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.