Nepal Wraps Up FY 2082/83 with Over Half of Development Budget Still Unspent
Summary
As Nepal's fiscal year 2082/83 ends, over half of the capital development budget remains unspent despite strong revenue collection, highlighting challenges in project execution and fiscal management.
Key Points
- Nepal has mobilized approximately 83% of its targeted revenue for fiscal year 2082/83.
- Capital expenditure utilization is only 46.79% of the allocated budget, indicating a significant underspend.
- Tax revenue contributed heavily to overall revenue with an 83.43% realization against targets.
- The unspent capital budget poses risks to infrastructure development and long-term economic growth potential.
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