Government has Utilized Only 8% of the Allocated Budget Under Capital Expenditure in the Last 4.5 Months

The government has utilized only 8% of the allocated budget under capital expenditure in the last 4.5 months of the current fiscal year 2079-80.

According to the Financial Comptroller General Office (FCGO), the government, till Mangsir 20, 2079 spent only Rs 30.7 Arba in capital expenditure out of the budget of Rs 3.80 Kharba allocated for the construction of infrastructure projects. It makes up only 8% percent of the targeted expenditure under the heading.

To fully utilize the development budget, according to FCGO data, the government must now spend the remaining capital expenditures within the next 7.5 months. Consequently, the government authorities now run the danger of spending the funds ineffectively.

The government will probably begin accelerating spending on development projects at the last hour current fiscal year, which will end on Asar. Every year, the rush for construction projects in the final quarter of the fiscal year calls into question the quality of the infrastructures developed quickly as well as the financial restraint of the government system.

Despite the government's pledge to complete capital projects on schedule, the relevant authorities fall short of their goal practically every year. Only 6.66% of the development budget allotted by the government for the period up to Mangsir 20, 2078, was actually spent last year.

On the other hand, 21.38% of revenue has been accumulated by the government from sources like taxes, grants, and other receipts.