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The new fiscal year is just 2 months away, but the govt has yet to spend Rs 222 billion in capital expenditure

Most of the development work in the country takes place during the final months of the fiscal year.
Most of the development work in the country takes place during the final months of the fiscal year.

Kathmandu, May 17

The end of the current fiscal year 2021/22 is just two months away, but the government has yet to spend Rs 222 billion in the capital expenditure that it has allocated for the current fiscal year.

It means the government could not get rid of the problem of the low spending capacity also, which would ultimately result in a lot of development and construction works in the final months of the fiscal year in haste. Such a tendency is ultimately blamed for poor development works.

The government had initially allocated Rs 378.09 billion in capital expenditure for the current fiscal year (mid-July 2021 to mid-July 2022). However, it was scaled down to Rs 340.32 billion in the budget revision.

Yet, in 10 months of the year, the government has been able to spend only Rs 118.26 billion of the amount, informs the Financial Comptroller General Office. This is 31.28 per cent of the revised spending target.

Now, the government can meet the target only when it spends Rs 3.6 billion every day.

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