Wednesday Apr 24, 2024
Wednesday Apr 24, 2024

37 percent of budget expenditure in 7 months


Nepalnews
RSS
2023 Feb 13, 15:09, Kathmandu
Representative Images ( Photo : RSS)

In the seven months of the current fiscal year 2023/24, the government budget expenditure is seen as 37.22 percent.

According to the data of the Comptroller General's Office, the government has spent a budget equal to Rs. Current expenditure during this period is equal to 44.92 percent of the annual allocation. For the current financial year, 11 trillion 83 billion 23 billion rupees have been allocated under the current heading, it has been seen that 5 trillion 31 billion 50 billion rupees have been governmentspent till the end of January.

On the capital side, for the current financial year, Rs 380 billion 38445 million has been allocated, but only 17.43 percent of the annual allocation, ie Rs 66 billion 298 million, has been spent in seven months.

Similarly, for the current financial year under the heading of financial management, a budget equal to Rs. Which is equal to 69 billion 85 million rupees. The budget for financial management is used to pay principal and interest on government debt.

In this sense, in the seven months of the current year, the capital expenditure is less than the expenditure on principal and interest payments of government debt. The government's revenue collection in seven months is equal to 38 percent. For the current year, the government aims to collect a total revenue of Rs 14,58,600 crore. But till the month of January, the revenue has been raised only equal to Rs five billion 54 billion 23 million 61 million

For the current year, the government has set a target of receiving foreign subsidies equal to four billion 802 million rupees

READ ALSO:

revenue fiscal year allocated government expenditure subsidies management payments Allocation debt
Nepal's First Online News Portal
Published by Nepalnews Pvt Ltd
Editor: Raju Silwal
Information Department Registration No. 1505 / 076-77

Contact

KMC-02, UttarDhoka,
Lazimpat, Nepal

Newsroom
+977–01–4445751 / 4445754

E-mail
[email protected] [email protected]

Terms of Use Disclaimer
© NepalNews. 2021 All rights reserved. | Nepal's First News Portal