First Business News Portal in English from Nepal
KATHMANDU: The government expenditure in the first four months of the current fiscal year (FY) is encouraging but the capital expenditure is still sluggish.
Overall expenditure in the first four months of the current FY recorded Rs 287.5 billion up from Rs 268.9 billion of the same period in the previous FY, as per statistics maintained by the Financial Comptroller General Office (FCGO).
According to the FCGO data, the amount of recurrent expenditure in the first four months of the current FY accounted Rs. 233.5 billion up from the same period of the previous FY which was Rs. 230.01 billion. Similarly, financial expenditure of the first four months of the current FY remained Rs. 33.2 billion up from Rs. 9.5 billion in the same period of the previous FY.
Despite the finance minister’s emphasis on increasing capital expenditure, the acceleration in capital expenditure has not yet taken off. According to the data, capital expenditure in the first four months of the current FY has stood at Rs. 20.79 billion down from the previous Rs. 29. 4 billion.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
© Copyright 2020. FiscalNepal.com. Website Design and Developed by Genesis Web Technology