Concerns Mount Over Slow Capital Expenditure and Revenue Collection Till Chaitra FY 2080/81

As the third quarter of the fiscal year 2080/81 draws to a close, concerns arise over the sluggish pace of capital expenditure. According to the latest report from the Financial Comptroller General's Office, only 32.24 percent of the allocated capital expenditure has been utilized by the end of Chaitra. Despite a significant allocation of Rs. 3.02 Arba for capital investments this year, a mere Rs. 97.37 Arba has been expended in the nine months leading up to the conclusion of Chaitra.

Furthermore, the overall budgetary disbursement paints a picture of restrained financial activity. With a total budget allocation of Rs. 17.51 Kharba for the current fiscal year, only 51.93 percent, equivalent to Rs. 9.09 Kharba, has been expended thus far. Under the current heading, an allocation of 11.41 Kharba has been designated. As of Chaitra's end, 56.41 percent of this allocation has been expended, amounting to Rs. 6.44 Kharba. Similarly, financial arrangements have seen only 54.64 percent, or Rs. 1.67 Kharba, of the allocated Rs. 3.07 Kharba utilized as reported by the Office of the Comptroller General of Accounts.

In addition to subdued budget expenditure, revenue collection also appears to be faltering. Despite a target of Rs. 14.72 Kharba for total revenue collection this year, only 52.5 percent of the annual target has been achieved by the end of Chaitra, amounting to Rs. 7.73 Kharba. While non-tax revenue collection shows some promise with 65.71 percent, or Rs. 76.92 Arba, of the target recovered, tax revenue lags behind at 51.41 percent, totaling Rs. 6.71 Kharba. Similarly, foreign subsidies, with a target of Rs. 49.94 Arba, have only realized 5.52 percent of the goal, totaling Rs. 2.75 Arba, indicating a substantial shortfall in expected foreign financial support.