Nepal's Finance Ministry Prepares Mid-Year Budget Review Amidst Low Spending and Potential Cuts
Summary
Nepal's Ministry of Finance is preparing the mid-year budget review for the current fiscal year, highlighting low spending and potential budget cuts due to political unrest and election funding needs.
Key Points
- Nepal's Ministry of Finance is preparing the mid-year budget review for the current fiscal year by Magh 25.
- The budget implementation has been slow, with only 38.38% expenditure by the end of Poush and potential downward revision expected.
- The government plans to withhold funds from 53 projects to mobilize finances for upcoming elections and reconstruction after political protests.
- Capital expenditure is particularly low at only 12.12% spent, raising concerns about the government's development capacity.
