Capital expenditure only 4.7 percent in 3 months

Capital expenditure in the first three months of the current fiscal year was only Rs 19.18 billion.34 billion, compared to Rs 29.44 billion.75 billion last year.

kartik 2, 2082

Kantipur Reporter

Capital expenditure only 4.7 percent in 3 months

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Capital expenditure has decreased in the first quarter of the current fiscal year compared to the same period of the previous fiscal year. From Shrawan to Asoj of the current fiscal year, capital expenditure amounted to Rs 19.1834 billion, or only 4.7 percent of the annual target.

While in the same period of the last fiscal year, capital expenditure was Rs 29.44 billion 75 million, or 8.36 percent of the annual target.

The Comptroller and Auditor General's Office has stated that in the first quarter of the current fiscal year, current expenditure was Rs 256.80 billion, or 21.75 percent of the annual target. This expenditure is slightly higher than in the first quarter of the last year. In the first three months of the last fiscal year, current expenditure was Rs 230.14 billion, or 20.18 percent of the annual target. In the current fiscal year, the government has allocated Rs 1166.40 billion under the current expenditure heading.

In the last three months, the government has collected Rs 249.50 billion in revenue. This is 16.83 percent of the annual target. By Asoj, the government had set a target of collecting Rs 321.53 billion and Rs 1480 billion in annual revenue. The revenue collected in the three months is slightly lower than in the same period last year. In the first three months of last year, the government collected Rs 250.46 billion, or 17.65 percent of the annual target.

Even in the current difficult situation, the collection of this much revenue should be considered satisfactory, said Tanka Prasad Pandey, spokesperson for the Ministry of Finance. ‘Even in the current situation, the revenue has decreased only very little compared to last year. This should be considered satisfactory,’ he said, ‘When the private sector has also been greatly affected by the Gen-G movement, the collection of this much revenue cannot be called bad.’

Economist Dilliraj Khanal said that it is not possible to analyze government finances right now as the impact of the movement and damage caused by Gen-G is yet to be seen in the economy. According to him, the state of government finances was not satisfactory even before this movement and it can be seen in the data that it has not improved even now. He said that the impact of the movement will be on everything including revenue collection, capital expenditure.

‘Although the new government has made efforts to reform, positive results have not yet been achieved,’ he said, ‘The kind of reform that should have been done not only in government finances but also in the entire government service as per the Gen-G movement and its guidance has not happened.’ He suggested that since the government has come on the strength of the third generation movement, it should work in a way that the pace of reform and development accelerates.

Similarly, in the last three months, the government has spent 88.6 billion rupees on principal repayment of government loans and investment in public institutions (under the heading of financial management). This is 23.61 percent of the annual allocated budget. This expenditure is also higher than the first quarter of the last fiscal year. In the first three months of the last fiscal year, the government had spent 69.97 billion rupees, or 19.05 percent, under the heading of financial management.

Similarly, in the last three months, the government’s total income (receipt) is 253.18 billion rupees. This is 16.51 percent of this year’s annual target. However, this year’s receipts are slightly lower than last year. In the first three months of last year, the government's total revenue was 255 billion, or 17.34 percent of the annual target. For this year, the government has set a target of collecting 1533 billion 446.9 million rupees in revenue (revenue).

The government's total expenditure in the last three months is also higher than the same period last year. In the first three months of this year, the government has spent a total of 364 billion 58 million rupees. While such expenditure was 329 billion 56 million rupees in the same period last year. The government's finances are in deficit by about 1.25 trillion rupees as of the first quarter of the current fiscal year. Based on the aforementioned data, the government's finances are in deficit by 111 billion 40 million rupees in the first quarter of the current fiscal year, according to the Office of the Comptroller and Auditor General.

In the first quarter of the fiscal year 2082/83, the government has spent only 18.56 percent of the total allocated budget. Accordingly, 364 billion 589.4 million rupees have been spent by the end of Asoj. This is only about 18.5 percent of the total allocated budget. The total government expenditure in the first three months of this year is slightly higher than the same period last year. The total expenditure in the first three months of the last fiscal year was Rs 329.56 billion. The government had allocated a budget of Rs 1964.11 billion for this year.

Kantipur

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