The new budget will be implemented from Thursday
In the month of June alone, the government has spent more than 2 trillion 27 billion rupees. The government failed to spend the budget in the first month of the current financial year and spent Rs.
According to the data of the Comptroller General's Office, which keeps an account of government expenditure, this year (June 1 to June 30), that is, in these thirty days, the government has spent 2 trillion 27 billion budget. Experts have been raising questions about the expenses to be spent on
June. In June alone, the government has spent 1 trillion 25 billion in current titles, i.e. employee salaries and allowances. Similarly, in the name of development, the government has spent more than 70 billion 46 million during this period under the capital title.
Similarly, the government has spent more than 32 billion in the month of June to meet the public debt. Due to the recent increase in public debt, the government is finding it difficult to meet its obligations.
If we look at the entire expenditure system of the government till June 30, about 82 percent of the total budget has been spent. The then finance minister Barshman Pun brought a budget of 18 trillion 60 billion. So far, the government has spent 15 trillion 15 billion from the budget. Since
, in this financial year too, the government has spent a large amount of money on administrative work like in the previous years. Due to the introduction of a budget of 11 trillion 40 billion under the current title, 9 trillion 80 billion has already been spent by the review period, while the development budget of 3 trillion 52 billion has been spent by the end of this June.
This budget was brought by the then Pushpa Kamal Dahal-led government. The responsibility for its implementation was given to the KP Sharma Oli-led government due to changes in the power equation. It has been one year since the formation of the government.
Except in special circumstances, the Congress-UML government was formed at the end of last June in an environment where the first and second parties of the country did not form a government together. As the government has been formed for years, it seems that it has not been able to fulfill the aspirations of the people. Especially after the private sector became excited, in the meantime, the construction of infrastructure could not accelerate as expected, and the distortions, anomalies, and irregularities in the government budget system could not be reduced.
The new budget will be implemented from Thursday
The current fiscal year will end on Wednesday. From Thursday, the budget brought by Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel for the new financial year i.e. 2082/83 on May 15 is going to be implemented. The Ministry of Finance has made budget implementation guidelines. On 1st of July, all the ministries, departments and agencies are going to implement the budget by circular.
Finance Minister Bishnu Paudel brought a budget of 19 trillion 64 billion for 2082/83. The government has allocated a budget of 11 trillion 80 billion rupees in the current year, 4 trillion 7 billion rupees in capital and 3 trillion 75 billion 24 billion rupees in financial management. There is a government plan to get 13 trillion 15 billion from revenue and 53 billion 45 billion from foreign estimates as sources for this budget. Similarly, 2 trillion 33 billion from foreign debt and 3 trillion 62 billion from internal debt are planned to be borne by internal debt.
The tax related provisions have been implemented in the budget brought by the government on May 15 for 2082/83. Since the budget has been passed by the federal parliament, the government has no difficulty in implementing it from Thursday.
The government has set a target of achieving economic growth of 6 percent by implementing the budget from July 1, expanding economic activities, increasing private sector investment, increasing employment opportunities, and completing infrastructure projects on time.
