First Business News Portal in English from Nepal
KATHMANDU: The federal government aggregate expenditure in the first quarter of the current fiscal year (FY) has increased by 16.69 per cent in comparison to the same period of the previous FY.
The data provided by the Financial Comptroller General Office (FCGO) on October 17 showed that the aggregate expenditure in the first quarter recorded Rs 234.5 billion risen from Rs 200.97 billion of the same period of the previous FY.
The data showed that the government in this quarter spent 13.63 per cent of the targeted aggregate expenditure. It has appropriate Rs 1647.5 billion for its annual target.
In this quarter, the recurrent expenditure is increased by 2.19 per cent. The data showed that recurrent expenditure in this quarter remained Rs 186.5 billion up from Rs 182.5 billion of the same period of the previous FY.
Meanwhile, the financial expenditure recorded quite higher in the first quarter. The amount remained Rs 33.1 billion in this quarter up from Rs 3.4 billion of the previous same period.
However, the capital expenditure has been decreased by 1 per cent in this quarter in comparison to the same period of the previous FY. The data showed that the expenditure remained Rs 14.8 billion from Rs 15.04 billion of the same period of the previous FY.
The government has set the target of increasing the capital expenditure of Rs 342.9 billion in the current FY. Thus far, the FCGO data showed that in the current first quarter the expenditure remained 4.26 per cent of the aggregate target.
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