Koshi Province Capital Expenditure Declines by Nearly 4 Billion Rupees in Three Years
Summary
Koshi Province's capital expenditure has declined by nearly 4 billion rupees over three years, impacting development projects such as infrastructure construction. Despite a growing current expenditure, the province faces challenges in budget execution and revenue collection.
Key Points
- Koshi Province's capital expenditure decreased from 18.11 billion rupees in FY 2079/080 to 13.82 billion rupees in FY 2081/082, showing a decline of approximately 4 billion rupees in three years.
- Development projects including roads, bridges, schools, and hospitals have been negatively affected due to reduced capital expenditure and slow implementation.
- Weak revenue collection, administrative apathy, political pressure in project selection, and fear of investigations are cited as key reasons for declining development expenditure.
- The provincial government is heavily dependent on federal grants but returns a significant amount due to slow spending capacity, impacting financial effectiveness.
