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Why is the government's development spending is slow and flawed?
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Nepal, Aug. 8 -- Capital expenditure has always been a problem in Nepal. Every year, the government struggles to spend enough for capital formation, faces public criticism and vows to fix the problems next year. But every fiscal year, the cycle repeats.
Capital expenditure, or capital expenses (also called CAPEX), is a type of government spending (or investment) on goods and services intended to create future benefits, such as infrastructure investment in transport, health and research. Capital expenditure supports the economy and it's prudent use, beginning with the fiscal year and continuing throughout, can help achieve healthy economic growth. But over the years, capital spending is slow in the initial months, with most expenses made ...
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