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Slow capital expenditure continues to bedevil development projects
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Kathmandu, May 14 -- The KP Sharma Oli administration, which has a two-thirds majority in Parliament, had claimed it would show visible development progress but has continued the longstanding and perennial problem--slow and last-hour budget expenditure--this year as well.
The government has been left with 62 percent of the capital budget that needs to be spent within the last two months of the fiscal year despite the tall promise of development. Given past trends, the government seems to spend nearly 50 percent of the capital budget in the last two months of the fiscal year.
As of Sunday, with almost 10 months of the current fiscal year passed, the government has been able to spend only 38 percent of the Rs313.99 billion allocated for c...
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