Mid-year review of current FY’s budget released
Summary
The Ministry of Finance released a mid-year review of Nepal's fiscal year 2082/83 budget, revealing a 6% economic growth target and slow capital expenditure with only 12.12% spent on development projects so far.
Key Points
- The economic growth target for fiscal year 2082/83 is set at 6%.
- Only 12.12% of the capital expenditure budget has been spent, showing slow development progress.
- Government has utilized 35.14% of the total budget of Rs 1964.11 billion in six months.
- Daily administrative expenses and debt payments remain high while capital expenditure is low.
