Government Budget Spending Reaches 78% of Target in Fiscal Year 2082/083
Summary
The Nepalese government has spent 78% of its fiscal year 2082/083 budget, with capital expenditure at just 40%, indicating a slow pace of development.
Key Points
- The government spent 78% of the total allocated budget of 19 kharba 64 billion 11 crore rupees for fiscal year 2082/083.
- Capital expenditure reached only 40% of its allocated 4 kharba 7 billion 88 crore 80 lakh rupees, reflecting slow development progress.
- Current expenditure, mainly for salaries and allowances, was higher at 87.25% of the 11 kharba 80 billion 98 crore rupees budget.
- Financial management performance stood at 90.17%, with the government arranging 3 kharba 38 billion 36 crore 97 lakh rupees against an estimate of 3 kharba 75 billion 24 crore 20 lakh rupees.
