Kathmandu, Sept. 21
The
government budgetary expenditure by the end of the second month of the fiscal
year 2019/20 is at 4.59 per cent with just 1.3 per cent capital expenditure.
Of
the total budget of Rs. 1532.96 billion, Rs. 70.3 billion is spent, according
to the Financial Comptroller General Office (FCGO).
The
share of capital expenditure is Rs. 5.33 billion and recurrent expenses Rs.
63.7 billion. The progress at financing expenditure performance is at the
lowest with just 0.77 per cent – Rs. 1.29 billion by September 20 this year.
Although
the expenditure is lower than the previous year according to an official of the
Finance Ministry, the FCGO has removed the previous year’s comparative data
from its online data base.
Finance
Minister Dr. Yuba Raj Khatiwada had announced the budget of about Rs. 1533
billion with Rs. 957 billion recurrent, Rs. 408 billion capital and Rs. 167
billion financing expenditures.
But
the second month of the current fiscal has witnessed a significant progress in
terms of expenditure as the total expenditure by the end of the first month of
the fiscal year was at 0.43 per cent – Rs. 6.55 billion only, with capital
expenses standing at just 0.24 per cent.
Meanwhile,
the revenue collection has seen a steady growth in the past two months. The government
collected Rs. 144.27 billion – about 13 per cent of the total revenue target.
It
includes Rs. 134.7 billion tax and Rs. 9.5 billion non-tax revenue. In the
first month of the fiscal, about 6.6 per cent revenue was collected.
The
Ministry of Finance said that as the initial months were for the preparation of
tender and expenditure planning for the projects, the budget mobilisation was
poor. At the same time, the FCGO or the MoF are not getting the actual
expenditure made in the district in absence of information technology facility
like the internet.
Published in The Rising Nepal daily on 22 December 2019.
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