KATHMANDU: The total expenditure of the federal government during the eight months of 2021/22 stood at Rs.675.30 billion, the Financial Comptroller General Office, the Ministry of Finance has said.

The recurrent expenditure, capital expenditure and financial expenditure amounted to Rs.538.44 billion, Rs.77.15 billion and Rs.59.71 billion respectively in the review period, according to the date.

In the review period, revenue mobilization (including the amount to be transferred to provincial and local governments) stood at Rs.684.70 billion.

Likewise, the tax revenue and non tax revenue amounted Rs.627.90 billion and Rs.56.80 billion respectively in the review period.

In the review period, federal government mobilized Rs.89.50 billion domestic debt including Rs.35.0 billion treasury bills and Rs.54.50 billion development bonds.

Similarly, balance at various accounts of the Government of Nepal maintained with NRB remained Rs.335.33 billion (including Provincial government and Local Authorities Account) in mid-Mar 2022 compared to Rs.200.18 billion in mid-July 2021.

According to the data, in the review period, total resource mobilization of provincial governments remained Rs.109.24 billion.

The federal government transferred Rs.77.99 billion as grants and revenue from federal divisible fund to provincial governments and the provincial governments mobilized Rs.31.24 billion in terms of revenue and other receipts in the review period.

The total expenditure of provincial governments stood at Rs.63.79 billion, according to the data.

Similarly, the broad money (M2) increased 3.1 percent in the review period compared to a growth of 11.4 percent in the corresponding period of the previous year.

On y-o-y basis, M2 expanded 12.7 percent in mid-March 2022.

The net foreign assets (NFA after adjusting foreign exchange valuation gain/loss) decreased Rs. 258.64 billion (19.4 percent) in the review period in contrast to an increase of Rs.68.0 billion (5.1 percent) in the corresponding period of the previous year.

Meanwhile, the reserve money decreased 14.4 percent in the review period compared to a decrease of 10.5 percent in the corresponding period of the previous year.

On y-o-y basis, reserve money increased 0.6 percent in mid-March 2022.

Likewise, the domestic credit increased 10.5 percent in the review period compared to an increase of 13.0 percent in the corresponding period of the previous year.

On y-o-y basis, domestic credit increased 24.3 percent in mid-March 2022.