Koshi Province Government Faces Disappointing Financial Performance in First 10 Months of FY 2082/083
Summary
The Koshi Province government experienced a significant decline in both expenditure and revenue collection during the first 10 months of the financial year 2082/083, with capital and current spending well below targets and revenue collections also falling short of expectations.
Key Points
- Koshi Province government's total expenditure until the end of Baisakh decreased by 21.83 percent compared to last year.
- Only 36.29 percent of the current financial year's budget was spent by end of Baisakh.
- Internal revenue collection is 63.58 percent of the target, showing a 7 percent decrease compared to last year.
- Federal grants and overall revenue collection also declined, impacting provincial budget performance.
