Wednesday Jul 24, 2024
Wednesday Jul 24, 2024

Provinces fare worse in budget expenditure, only 49 percent of total budget spent till June 15


Nepalnews
2023 Jul 09, 16:17,
Image source :Google

The provinces have spent only half of their budget till June 15 of the current Fiscal Year 2022/23. Of the total budget of Rs 306 billion that the provinces passed for the current fiscal year, they have spent only Rs 151.3 billion till June 15, which accounts for 49.45 percent of the total annual allocations.

As per the data on budget expenditure by provinces shared by the Office of the Comptroller General, Koshi Province's expenditure is the highest (61.41 percent) and the Madhes Province's is the lowest (36.25 percent) in the last 11 months of the current fiscal year.

During this period, Bagmati Province's budget expenditure is 50.62 percent, Gandaki Province's is 48.19 percent, Lumbini Province's is 55.54 percent, Karnali Province's is 45.60 percent and Sudurpaschim Province's is 48.54 percent. The average expenditure towards the current expenditure is 55.68 percent and 46.11 percent towards capital expenditure during this period.

Koshi Province

The Koshi Province had brought total budget of Rs 39.91 billion for the current fiscal year and the expenditure till June 15 is Rs 24.51 billion. This province spent Rs 11.65 (70 percent) out of the total allocation of Rs 16.62 billion towards current expenditure and Rs 12.86 billion ( 55 percent) out of the total allocations of Rs 23.29 billion towards capital expenditure.

Madhes Province

The budget expenditure of the Madhes Province is the lowest as compared to the rest of the provinces. The province had brought a budget of Rs 46.98 billion for the current fiscal year and it spent only Rs 17 billion until June 15. The budget expenditure is 36.25 percent of the total annual budget allocations.

The Madhes Province spent 33 percent towards the current expenses and 38.34 percent towards capital heads in the 11 months of the current fiscal year. Out of the Rs 20.8 billion set aside towards the current expenditure heading, the Province spent Rs 6 billion 996 million 700 thousand. Similarly, out of the Rs 26.18 billion allocated towards the capital expenditure heading, the province spent Rs 10 billion or 38 percent of this.

Bagmati Province

The Bagmati Province had brought a budget of Rs 70 billion 939 million 200 thousand for the current fiscal year and it spent Rs 35.91 billion or 50.62 percent of the total budget till June 15. The budget expenditure of this province under the current expenditure heading is 61.61 percent towards current expenses, 46 percent towards the capital expenditure heading and 30 percent towards fiscal management heading during this period.

The Province had allocated Rs 26.84 billion towards the current expenditure heading and it spent Rs 16.53 billion. Similarly, out of the Rs 42 billion 90 million allocated towards capital expenditure, it spent Rs 19.37 billion. Rs 2 billion was allocated under the fiscal management heading and the expenditure under this heading is Rs 600 million.

Gandaki Province

Out of over Rs 35.9 billion set aside for the province in the current FY, Rs 17.3 billion has been spent as of June 15. The figure is 48 percent. Under current expenditures, Rs 6.9 billion (54 percent) of over Rs 12.8 billion set aside has been spent, and under capital expenditures, Rs 10.3 billion (45.82 percent) of more than Rs 22.5 billion allocated.

Lumbini Province

The province spent Rs 23.7 billion of the total Rs 42.7 billion allocated for the province. The figure is 55.54 percent. Under current expenditures, Rs 10.9 billion (61.20 percent) of Rs 17.9 billion allocated has been spent, and under capital expenditures, Rs 12.7 billion (51.45 percent) of Rs 24.7 billion.

Karnali Province

Out of Rs 32.7 billion allocated for the province, Rs 14.9 billion (45.60 percent) has been spent. Under current expenditures, Rs 7.1 billion (53.64 percent) of Rs 13.8 billion set aside has been spent, and under capital expenditures, Rs 7.9 billion (40.25 percent) of Rs 19.6 billion.

Sudurpaschim Province

Out of Rs 36.7 billon allocated for the province, Rs 17.8 billion (48.54 percent) has been spent. Under current expenditures, Rs 6.7 billion (55.32 percent) of Rs 12.2 billion allocated has been spent, and under capital expenditures, Rs 11.7 billion (45.71 percent) of Rs 24.2 billion set aside has been spent.

---

READ ALSO:

Sudurpaschim Province Lumbini Province Madhes Province Provinces fare worse in budget expenditure
Nepal's First Online News Portal
Published by Nepalnews Pvt Ltd
Editor: Raju Silwal
Information Department Registration No. 1505 / 076-77

Contact

Kathmandu, Nepal,


Newsroom
##

E-mail
[email protected]

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