As the current fiscal year reaches its midway point with four and a half months passed, the government’s utilization of its development capital remains relatively modest at 10.2%. According to the Financial Comptroller General Office, the government has disbursed Rs 30.27 arba for the ongoing fiscal year, with an additional Rs 3.20 kharba allocated for previous expenditures.
In the initial four and a half months of the fiscal year, the total government expenditure has reached 20.75%, totaling Rs 3.63 kharba. A noteworthy aspect is that 24.4% of this expenditure has been directed towards current expenses, covering salaries, allowances, and administrative costs for employees.
Simultaneously, the government’s revenue collection has demonstrated sluggish performance, achieving only 20.66% of the targeted revenue during this period. The detailed breakdown indicates that 20.77% is derived from tax income, while non-tax income contributes 19.49%.
The government’s revenue collection goal for the current financial year is set at Rs. 14.22 kharba. However, the current figure stands at Rs. 3.12 kharba, resulting in the government’s expenditures surpassing its income by Rs 50.61 arba.
Highlights:
- The government’s spending exceeds its revenue by Rs 1.56 Kharba.
- Government Revenue Rises by 7.8% in First Two Months of FY 2024/25, Falling Short of Targets
- Surge in Electric Vehicle Imports Impacts Government Revenue in Jestha
- Nepal’s Revenue Collection Increases by 11.3%
- Nepal Clearing House Ltd. Processes Over NRs. 84 Billion on the Last Day of Poush 2080