The half-yearly review of the budget for the fiscal year 2081-82 (2024-25) reveals that the government has achieved 39 percent of its targeted income and 35 percent of its projected expenditure by the end of Push (January 13).
According to the Office of the Comptroller General, total government expenditures reached NPR 667.62 billion, which is 35.89 percent of the annual target of NPR 1,860.33 billion. Of the NPR 1,140.66 billion allocated for recurrent expenses, NPR 452 billion has been spent, marking 39.63 percent of the target.
Capital expenditure amounted to NPR 56.93 billion, representing only 16.16 percent of the total capital allocation of NPR 352.35 billion. Meanwhile, expenditures under the fiscal management heading stood at NPR 158.66 billion, or 43.2 percent of the total allocation of NPR 367.28 billion.
On the revenue side, the government aimed to collect NPR 1,471.63 billion for the fiscal year. By mid-year, NPR 574.77 billion had been collected, achieving 39.06 percent of the target. Tax revenue collections reached NPR 489.40 billion, or 38.11 percent of the target, while non-tax revenue collections amounted to NPR 70.28 billion, achieving 51.97 percent of the target.
Additionally, the government targeted receiving NPR 52.33 billion in foreign grants during the fiscal year. By mid-January, only NPR 7.37 billion had been received, falling short of expectations.
The review highlights the challenges in meeting expenditure and revenue collection targets, particularly in capital spending, which remains significantly below projections. The government is expected to address these gaps in the remaining months of the fiscal year to ensure effective implementation of budgetary plans.
14th Jan 2025
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