Capital expenditure declined by 22 percent in the second quarter of the current fiscal year, according to the Ministry of Finance. Government capital spending fell to Rs 47.54 billion from Rs 58.18 billion a year earlier. In contrast, recurrent and financial expenditures increased, pushing total spending higher. By mid-year, overall expenditure had reached 46.06 percent of the annual budget. Recurrent spending stood at 40.82 percent, while financial expenditure surged to nearly full utilization at 99.93 percent. Total second-quarter spending amounted to Rs 904.64 billion.
