Koshi Province Government Reports Challenging Fiscal Health Amid Low Revenue Collection and Spending
Summary
Koshi Province government has faced significant fiscal challenges including low revenue collection and under-spending of its development budget, leading to a nearly 10% reduction in the revised budget for fiscal year 2082/83.
Key Points
- Koshi Province's fiscal condition is challenging with both revenue collection and expenditure falling short of targets.
- The provincial budget was revised down by nearly 10% from NPR 35.8799 billion to NPR 32.4564 billion due to poor performance and reduced federal grants.
- Internal revenue collection declined by over 20%, severely affected by protests and delayed local government payments.
- Capital expenditure is notably low, with only about 9.96% of the allocated NPR 17.1065 billion spent by mid-year, marking a 33% decline from the previous year.
