Govt's capital expenses pathetic this year too, only 6.91 percent spent in the first four months of current FY
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KATHMANDU, Nov. 17 -- The government spent only 6.91 percent of the capital expenditure in the first four months of the current fiscal year.
According to the Financial Comptroller General Office (FCGO), the government has so far spent only Rs 26.29 billion out of Rs 380.38 billion in capital expenditure allocated for the current fiscal year (FY 2022/23). It shows the dismal performance of the government this year too when it comes to utilizing the funds meant for development projects.
Every year, the government is found speeding up the expenses under this heading at the eleventh hour during the fiscal year end. In the fiscal year 2021/22, the government spent Rs 78.40 billion just in the last month between mid-June and mid-July. The amo...
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