Bagmati Province Government Faces Budget Execution Challenges with Low Spending in First Nine Months
Summary
By the end of the third quarter, Bagmati Province government has spent only 28 percent of its budget, with 72 percent remaining to be spent in the last three months, raising concerns over the quality and potential year-end rush in spending. Major ministries show sluggish expenditure, and revenue collection reaches 41.4 percent of the target.
Key Points
- Bagmati Province government has spent only 28.71 percent of its total budget by the end of the third quarter of the fiscal year.
- The province needs to spend 71.29 percent of the budget in the last three months, risking compromised quality of development work.
- Capital expenditure for development projects is particularly low at 23.09 percent spent, with 76.91 percent remaining.
- Revenue collection stands at 41.40 percent of the target, with value added tax and vehicle tax as major income sources.
