Capital expenditure only 6% in first four months
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KATHMANDU, Nov. 20 -- The government spending on development works was recorded 6.05% of the allocated budget in the first four months of the current fiscal year, revealing low spending capacity of the government in the construction of infrastructure despite its repeated commitments to spearhead economic prosperity.
According to the Financial Comptroller General Office, the capital expenditure has reached Rs 24.71 billion from mid-July to mid-November. The government has allocated Rs 408 billion in development works for this fiscal year.
Officials of the Ministry of Finance said the government bodies are usually busy devising plans and preparing for developing procurement procedures during the initial days of every fiscal year.
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