KATHMANDU: Development expenditure in the current fiscal year has remained weak, with only about 19 percent of capital spending completed by the end of Falgun (March 14), according to the Financial Comptroller General Office (FCGO).
The federal government had allocated a total budget of Rs 1,964.11 billion for the current fiscal year, of which Rs 926.59 billion has been spent by mid-March, accounting for 47.18 percent of the annual budgetary allocation.
Under the current expenditure heading, Rs 118.98 billion was allocated, of which 54.37 percent has been spent so far. In contrast, capital expenditure remains significantly low, with only Rs 407.89 billion allocated and 19.24 percent utilized.
Under the financial management heading, out of Rs 375.24 billion allocated, Rs 205.95 billion (54.89 percent) has been spent.
Revenue collection until the end of Falgun also shows moderate progress, reaching 49.89 percent of the annual target. The government had aimed to collect Rs 1,533.45 billion in revenue for the fiscal year, out of which Rs 765.10 billion has been collected so far.
The FCGO report indicates that while current and financial management expenditures are on track, capital spending continues to lag, highlighting challenges in implementing development projects on schedule.
Comment