Status of Government Budget Expenditure and Revenue Collection in the First Two Months of the Current Fiscal Year
Author
NEPSE trading
In the first two months of the current fiscal year 2081-82, the status of government budget expenditure and revenue collection shows signs of improvement in economic management, though longstanding issues persist. The data released by the Office of the Comptroller General draws attention to various aspects of government spending and revenue collection. This article aims to provide an overview of the current state of government budget expenditure and revenue collection and its impact.
Government Budget Expenditure:
In the first two months of the current fiscal year 2081-82, the government has spent 7.39% of the total budget.
By the end of Bhadra, a total of NPR 137.55 billion has been spent.
Recurrent expenditure amounts to NPR 82.99 billion, which is 7.28% of the total budget.
Capital expenditure stands at NPR 14.89 billion, which is 4.23% of the total budget.
Status of Revenue Collection:
In the first two months of the current fiscal year, the government has collected 11.72% of the annual revenue target.
A total of NPR 166.39 billion has been collected in revenue.
Tax revenue accounts for 11.31%, and non-tax revenue for 15.69% of the collection.
Signs of Improvement in the Economy:
There is an improvement in revenue collection compared to budget expenditure.
Development expenditure has also improved compared to the previous year.
Persistence of Old Issues:
Problems such as not being able to spend the allocated budget on time and delayed payments even after spending remain.
The government's spending pattern appears unchanged, making it difficult to achieve the expected outcomes.
Future Prospects:
Improvement in the government's spending style is necessary.
Although there is an improvement in revenue collection, better management of expenditures is still needed.
While the government has shown some improvement in the first two months of the current fiscal year, longstanding issues in budget expenditure and management have yet to be resolved. However, the improvement in revenue collection has raised hopes for strengthening the economic situation. Moving forward, there is a need for further efforts to increase the effectiveness of budget expenditure and achieve the set targets.
