Govt has Rs 196 bln to spend in one month as fiscal year approaches end

Onlinekhabar Monday, June 15, 2020

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Kathmandu, June 15

The end of the current fiscal year is just one month away, but the government still has Rs 196 billion in the treasury to spend in this period.

When Finance Minister Yuba Raj Khatiwada presented the budget plan for this year in May 2019, the government had set the expenditure target at Rs 1.532 trillion. Later, the government revised the target and set it at Rs 1.073 trillion.

Now, 11 months into the year, the government still has to spend Rs 196 billion to meet the revised target.

The government of Nepal has been criticised for its low spending capacity for the past many years. It could not improve its performance this year also.

Meanwhile, the government is also going to miss the revenue collection target also this year, apparently due to the Covid-19 crisis that has crippled the national economy since March. If the government had been able to spend all the allocated money, it would have fallen short of the budget in the treasury as the revenue has also not been collected enough.