Saturday Dec 3, 2022
Saturday Dec 3, 2022

Federal government’s expenditure at Rs 824.81 billion


Nepalnews
2021 Jun 14, 18:17, Kathmandu
This undated image shows the building of the Ministry of Finance in Singha Durbar, Kathmandu. Photo: RSS

According to the macroeconomic report of the 10th month of the current fiscal year released by Nepal Rastra Bank (NRB), in the review period, the total expenditure of the federal government, according to data of Financial Comptroller General Office (FCGO), Ministry of Finance, stood at Rs 824.81 billion.
The report states that the central government’s recurrent expenditure stood at Rs 630.20 billion in the review month. Similarly, capital expenditure and financing expenditure amounted to Rs 125.88 billion and Rs 68.72 billion, respectively in the review period.
The NRB report further adds that in the review period, revenue mobilisation (including the amount to be transferred to provincial and local governments) stood at Rs 761 billion. The tax revenue and non-tax revenue amounted to Rs 709.62 billion and Rs 51.38 billion, respectively, in the review period.
In the review period, domestic debt mobilisation of the federal government was worth Rs 112.52 billion, including Rs 20.5 billion through treasury bills, Rs 90 billion through development bonds, Rs 2 billion through citizen saving certificates and Rs 15.3 million through foreign employment bond.
Meanwhile, in the review period, total resource mobilisation of provincial governments remained at Rs 112.68 billion. The federal government transferred Rs 82 billion as grants and revenue from divisible fund to provincial governments and the provincial governments mobilised Rs 30.68 billion in terms of revenue and other receipts in the review period. In the review period, total expenditure of provincial governments stood at Rs 94.14 billion.

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Nepal Rastra Bank Financial Comptroller General Office Finance Ministry federal government Foreign employment bond Provincial Government Debt Mobilisation Central Government
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