Four Key Development Ministries Show Dismal Spending in Mid-Year Budget Review
Summary
Four key development ministries in Nepal show poor utilization of allocated budgets in a mid-year review, with significantly low capital expenditure hampering progress on infrastructure and essential services.
Key Points
- Four development ministries in Nepal have spent only a small fraction of their allocated budgets by mid-year, affecting development progress.
- Finance Minister Rameshwor Khanal cited unrealistic budgeting and unprepared projects as key reasons for low capital expenditure.
- The Ministry of Urban Development recorded the lowest spending at just 6.31% of its budget, impacting post-disaster reconstruction.
- Despite achievements in electricity generation and water supply projects, Ministries of Energy and Water Supply face sluggish spending and delays in hydropower and sanitation projects.
