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Only 16% Of Annual Capital Expenditure Spent In 7 Months

Only 16% Of Annual Capital Expenditure Spent In 7 Months

In the first seven months of the current fiscal year, the government has barely spent 16% of its capital expenditure.

As of February 12, the government has spent just Rs 60.78 billion, according to the Financial Comptroller General Office (Nepal). This is just 16.08 percent of the total amount for capital expenditures.

This year, the government has put aside Rs 378.09 billion for capital spending. However, the government reduced the estimated capital expenditure budget to Rs 340.32 billion after determining that not all of it will be spent.

According to the Comptroller General’s Office, Rs 591.02 billion was spent, with Rs 475.62 billion being recurrent expenditure.

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