Kathmandu metropolis spends only 36.55% of its budget in 11 months « Khabarhub
Tuesday, July 23rd, 2024

Kathmandu metropolis spends only 36.55% of its budget in 11 months

18 June 2024  

Time taken to read : 2 Minute

  • A
  • A
  • A

KATHMANDU: In the first 11 months of the current fiscal year 2080/81, Kathmandu Metropolitan City has spent only 36.55% of its allocated budget.

The metropolis had allocated a budget of Rs 24.0857 billion for the fiscal year, but as of the end of Jestha, only Rs 8.8043 billion has been spent.

This leaves a remaining balance of Rs 15.2813 billion.

Within these 11 months, the highest expenditure has been in financial governance, where the metropolis allocated Rs 5.9 million and spent over 76% of it, amounting to Rs 4.527 million.

In the energy sector, out of the allocated Rs 59.6 million, nearly 70% or Rs 41.5 million has been utilized.

For office operations and administrative activities, the metropolis had allocated Rs 3.43 billion, of which over 65% or Rs 2.24 billion has been spent.

In social security and protection, out of Rs 272.1 million allocated, over 57% or Rs 155.6 million has been utilized.

Additionally, the metropolis has spent 50% of its budget in the sectors of tourism, drinking water and sanitation, and language and culture.

However, the expenditure in the health sector has been notably low. Out of the allocated Rs 1.1 billion for health, only about 18% or Rs 197.3 million has been spent.

Other sectors like agriculture saw 7% expenditure, youth and sports 11%, science and technology 44.5%, reconstruction 36.5%, and environment and climate 24.5%.

Remarkably, in the 11 months, the metropolis did not spend any amount in three specific areas: water resources and irrigation, land management, and labor and employment.

Publish Date : 18 June 2024 21:49 PM

Today’s national news in a nutshell

Khabarhub brings you a glimpse of major developments of the

Electricity lines restored to 6 industries

KATHMANDU: The Nepal Electricity Authority (NEA) has reinstated electricity lines

113 people killed in floods and landslides since monsoon rains began

KATHMANDU: Since the onset of monsoon rains on June 10,

India sets target of 179 runs for Nepal in Women’s T20 Asia Cup Match

KATHMANDU: India has set a target of 179 runs for

Finance Ministry identifies 46 challenges facing Nepal’s economy

KATHMANDU: The Finance Ministry officials briefed Finance Minister Bishnu Prasad