Koshi Province Government Has Billions in Savings Due to Unspent Budget
Summary
Koshi Province Government has accumulated nearly Rs 8 billion in savings as unspent funds continue to pile up in its consolidated fund. Budget implementation remains slow, with falling capital expenditure and repeated delays blamed on political instability, weak project preparation and administrative bottlenecks.
Key Points
- Koshi Province Government’s consolidated fund has nearly Rs 8 billion in savings from the last fiscal year, higher than the Rs 5 billion estimate made in the current budget speech.
- The province has never run a deficit in the past eight fiscal years, and savings have continued to accumulate every year since 2075/76.
- Capital expenditure has been declining, falling to Rs 12 billion 38 crore 18 lakh in fiscal year 2082/83, hurting infrastructure and job creation.
- Officials blame frequent government changes, ministry restructuring, weak project preparation, contract delays and slow administrative processes for poor budget implementation.
