KATHMANDU: The government spent a total of Rs 1.508 trillion in the fiscal year 2024/25, up from Rs 1.4 trillion in FY 2023/24, according to figures presented at the annual progress review and performance agreement exchange ceremony held at the Office of the Prime Minister and Council of Ministers.
Of the total expenditure, recurrent spending reached Rs 980.38 billion, or 85.95% of the target, while capital expenditure stood at Rs 222.68 billion, or 63.2% of the target.
Financial management expenditure reached Rs 320.04 billion, equivalent to 87.87% of the target. Compared to the previous fiscal year, recurrent spending increased by 2.94%, and capital spending rose by 16.15%.
Overall, the government achieved 81.87% of its annual expenditure target.
On the revenue side, tax revenue reached 81.75% of the annual goal, while non-tax revenue achieved 95.45%, bringing the total revenue collection to 83% of the target. The government collected Rs 1.178 trillion in FY 2024/25, up 14.41% from Rs 1.03 trillion in the previous fiscal year. Tax revenue grew by 13.25%, and non-tax revenue increased by 28.8% year-on-year.
The country’s total imports amounted to Rs 1.804 trillion, while exports stood at Rs 277 billion, leaving a trade deficit of Rs 1.527 trillion. Compared to the previous year, imports grew by 13.3%, and exports surged by 81.8%.
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