Capital expenditure records progress in October Overall budget spending remains in harmony with past years
Summary
Capital expenditure rose to 6.77 percent in the first three and a half months of the fiscal year, while overall budget spending climbed to 19.25 percent and revenue collection neared 20 percent. Officials say decentralisation, smoother contractor payments and political stability have improved budget mobilisation compared with last year.
Key Points
- Capital budget mobilisation increased to 6.77 percent by Oct. 28, up from 2.56 percent a month earlier.
- Overall spending reached 19.25 percent of the total estimated expenditure, while revenue collection rose to almost 20 percent.
- A Ministry of Finance official said decentralised budget approval and timely contractor payments have improved execution.
- The government plans to tender projects worth Rs. 1,000 billion, according to the Ministry of Finance.
