Wednesday May 25, 2022
Wednesday May 25, 2022

Kathmandu Metropolitan spends 670M on infrastructure, 610M on administration


Nepalnews
2021 Dec 22, 10:46, Kathmandu
File - A view of the entrance gate of Kathmandu Metropolitan City office in Baghdurbar, Kathmandu. Photo courtesy: Janak Bhatta via Wikimedia Commons

The federal government's capital expenditure is weak in the current fiscal year. The same problem is seen at the local levels. The condition of capital expenditure of Kathmandu Metropolitan City, the local level that mobilizes the largest budget in Nepal, is very weak.

While around Rs 670 million has been spent on infrastructure, Rs 610 million has been spent on administration. Kathmandu Metropolitan City has spent just 5.97 percent of its capital expenditure from July to November. The corporation, which has set a target of spending Rs 13.88 billion, has spent Rs 827.5 million in the first four months.

Out of the budget of Rs. 16.08 billion, Rs. 1.99 billion has been spent till November, according to the details of the first quarter made public by the corporation. This is 12.39 percent of the total allocation.

Rs 3.7 billion of the corporation was in stock till late November. The corporation has given an advance of Rs 85.8 million for the purchase of vehicles. This year, the metropolis has set aside Rs 32.76 billion for the purchase of vehicles. The corporation has spent Rs. 214.8 million for the construction of roads and bridges in the last four months.

The corporation has spent Rs. 666.8 million in four months for the overall economic development. While this year, the corporation has set a target of spending Rs. 8 billion 268.8 million for physical development. 120 million has been spent in the field of economic development. The corporation has spent Rs. 486.7 million on social development and Rs. 112.6 million on good governance and interrelated sectors.

This year, the budget has been Rs 2.27 billion, of which, Rs 607.1 million has been spent on office operations and administrative expenses.

Although the corporation has to spend Rs 14.9 billion in the next eight months, it will be difficult to achieve the target due to the weak state of capital expenditure, say the officials of the corporation.

READ ALSO:

federal government capital expenditure fiscal year infrastructure Budget Allocation Economic development Kathmandu Metropolitan City economy
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