Capital Spending Slumps to 23.58% in Nine Months Despite Overall Budget Utilization at 53.97%
Summary
Nepal's capital expenditure has slumped to 23.58% in the first nine months of the fiscal year despite overall budget utilization of 53.97%, raising concerns about development progress.
Key Points
- Capital expenditure in Nepal reached only 23.58% of the allocated budget by Chaitra 30, indicating slow development activity.
- Recurrent expenditure accounted for 63.3% of its allocation, showing higher spending on operational costs compared to development.
- Government revenue collection is at 59.88% of its annual target, with tax revenue generating Rs 7 Kharba 98 Arba 77 Crores.
- Overall budget utilization stands at 53.97%, but low capital spending could impact infrastructure development and economic growth.
