Nepal Budget spending reaches 40 percent; capital expenditure at 15 percent in seven months

Government revenue collection and spending have both remained sluggish in the first seven months of the current fiscal year 2082/83 BS. According to the Financial Comptroller General Office (FCGO), revenue collection has reached 44 percent of the annual target, while total expenditure stands at 40 percent. Out of the total budget allocation of Rs 1.964 trillion for the fiscal year, Rs 801.37 billion had been spent by the end of Magh (February 12), representing 40.8 percent of the total allocation. Under the current expenditure heading, Rs 562.37 billion has been spent out of the allocated Rs 1.180 trillion, amounting to 47.62 percent utilization. Meanwhile, capital expenditure remains low, with only Rs 63.72 billion spent out of Rs 407.88 billion allocated—just 15.62 percent. Spending under financial management has reached 46.71 percent. Of the Rs 375.24 billion allocated under this heading, Rs 175.27 billion has been utilized. The government had targeted revenue collection of Rs 1.533 trillion for the fiscal year. By the end of Magh, Rs 682.17 billion had been collected, achieving 44.49 percent of the annual goal.