Nepal's Capital Expenditure Remains Sluggish in First Nine Months of Fiscal Year
Summary
Nepal's government capital expenditure remained low, utilizing only 23.58% of the allocated budget in the first nine months of the fiscal year, while recurrent expenditures and tax revenue collections are comparatively higher.
Key Points
- Nepal's capital expenditure utilized only 23.58% of the allocated 407.888 billion rupees budget in the first nine months.
- Development spending rate declined compared to the previous fiscal year, which had 32.24% capital expenditure in the same period.
- Recurrent expenditure remains high at 63.3% utilization, with 747.5244 billion rupees spent by end of Chaitra.
- Government achieved nearly 60% of its revenue target, collecting 886.2836 billion rupees, mostly from tax revenue.
