Kathmandu, July 11 -- The government has spent only 57 percent of the budget allocated for development purposes as the current fiscal year draws closer. Like usual, the last hour spending has also continued this year and some government officials are still optimistic that capital spending will cross 80 percent in one week. The new fiscal year begins July 17.
Last March, speaking at a parliamentary Finance Committee meeting, Finance Secretary Rajan Khanal had informed lawmakers that the government was optimistic that capital expenditure this year would reach 85 percent. However, the current development spending is abnormally low.
Last fiscal year 2017-18, capital expenditure stood at 79.74 percent, which was the highest since 2012-13 when ...