In the first 6 months of the current financial year, the government's revenue collection, capital expenditure, foreign aid mobilization and other indicators have not improved as expected. Experts have said that if the external indicators of the economy, including foreign exchange reserves, current account, etc. are strong, the economic activities will become viable if the government expenditure and income can be improved. However, they argue that even though the government finances have improved compared to last year, it is not enough to keep the sluggish economy running.

In the last week of last June, after the formation of the government in the coalition of two major parties, Congress and UML, it was claimed that economic development would be given priority and government expenditure would increase as there would be political stability in the country. However, the results are not satisfactory according to the data of the Comptroller General's Office. 

From July to December of the current financial year, the government has collected about 5 trillion 60 billion rupees in revenue. This is 39.43 percent of the annual target. Revenue collection has increased by 12.71 percent during the same period of this year compared to last year. However, the revenue collection till January is about 1.5 trillion rupees less than the monthly revenue collection target of the government.

The government had set a target of collecting revenue of Rs 677 billion 80 crore by the end of 6 months of this year. For the current fiscal year, the government has set a target of collecting 14 trillion 71 billion 62 billion 95 million revenue.

Last July 1 trillion 20 billion 51 billion 61 million, in August 92 billion 84 billion 27 million, in October 96 billion 56 billion 92 million, in October 96 billion 44 billion 2 million, in November 88 billion 65 billion and in January 1 trillion 77 billion 78 The government's target is to collect crores of revenue. But the revenue collected in all the months is below the monthly target. Although the revenue collection is on the road to improvement, the Finance Ministry officials admit that the target has not been met. They say that it is impossible to meet the revenue collection target with normal performance. 

Former Auditor General Tankamani Sharma said that revenue could not increase as expected due to lax implementation of tax laws and lack of administrative capacity of revenue administration. "The revenue growth rate has also decreased in the last month and the target has not been met," he says, "Neither the tax rate nor the administrative structure has changed during this period." Failure to increase revenue collection confirms how many deficiencies there are.' 

According to Sharma, the revenue has not increased as per the target due to the increase in leakages in the tax administration and lax control due to the decrease in compliance with the tax laws. "The main thing is the lack of government management, lack of revenue administrative capacity, increasing leakages," he adds. This year, the government has set a revenue collection target of more than 30 percent. According to senior officials of the Ministry of Finance, this is challenging in itself. 

Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel says that the revenue collection is positive compared to the past. He said that in the coming days, he will focus on revenue collection as per the target. Mahesh Bhattarai, the spokesperson of the Ministry of Finance, claimed that despite the impact of last October's floods, decrease in the import of petroleum products, the impact of the import of vehicles running on petroleum products, the increase in the number of imports of electric vehicles, the impact on the telecommunication sector, and the decrease in import and demand, revenue has been collected significantly in the six months of the current financial year. did

Similarly, from last July to December, the government spent 56.93 billion rupees in capital expenditure. This is only 16.16 percent of the annual target. In the six months of last year, the government spent 49 billion 230 million, i.e. 16.3 percent of the annual target.

The capital expenditure until last December is about 36 billion less than the government's monthly target. The government had set a target of 93.4 billion rupees in capital expenditure by the end of January. This year, the government has allocated 3 trillion 52 billion 354 million rupees towards capital expenditure. 

In the first 6 months of the current financial year, 4 trillion 52 billion rupees have been spent. This is 39.63 percent of the annual target. During the same period of last year, current expenditure was 4 trillion 37 billion 38 crore rupees, i.e. 38.31 percent of the annual target. This year, 11 trillion 40 billion 664 billion rupees have been allocated under the current expenditure heading. 

Until last December, the government has paid 1 trillion 58 billion 663.9 million only in the payment of principal of government debt and investment in government institutions (financial arrangement). This year, 43.2 percent of the budget allocated under the heading of financial arrangements has been spent. Under the heading of financial arrangements, the government allocated 3 trillion 67 billion 284 million 45 million for the current financial year.

In the last 6 months, the government has received 7 billion 37 crore foreign grants. This is 14 percent of the annual target. This year, the government had set a target of collecting Rs 52.32 crore 65 lakh subsidy.

In this year's semi-annual review, the income and expenditure situation of the government is about 93 billion in government finance deficit. During that period, the government has spent 6 trillion 67 billion 601.9 million rupees while earning 5.74 billion 76.79 million rupees. The government has set a target of 6 percent economic growth this year.

The World Bank has projected economic growth of 5.1 percent and Asian Development Bank 4.9 percent. The National Statistics Office has predicted that the country's economic growth rate will be 3.4 percent in the first quarter of the current financial year 081/82. During that period, the construction sector is projected to be negative and the expansion of some other sectors will shrink.  According to the