Budget Implementation Average in First Month
Summary
Government spending in the first month of the current fiscal year has remained low, with only 1.97 percent of the annual budget utilized. Revenue collection has improved slightly year-on-year, reaching 92.22 billion rupees in the month, while higher employee salaries and delayed payments weakened current expenditure.
Key Points
- Only 41.88 billion rupees, or 1.97 percent of the annual budget, was spent in the first month of the fiscal year.
- Revenue collection reached 92.22 billion rupees, up 9.19 percent from the same period last year.
- Current expenditure was hit by delays in implementing the new salary scale and the shift to 15-day salary payments for civil servants.
- Capital expenditure remained very low at 0.31 percent, while financial management spending was 4.53 percent.
