KATHMANDU
The government expenditures in the first half of the current fiscal year 2080–81 BS (2023–24) exceeded the income. Till mid-January, the nation suffered a budget deficit worth Rs 48.46 billion.
According to the data from the Office of the Auditor General, in the half-yearly review period, revenue collections met 35.19 percent of the annual target, while expenditures reached 32.35 percent. In the current fiscal year, the government is estimated to collect revenue amounting to Rs 1472 billion, while collections till mid-January are calculated at RS 518 billion, which makes 35.19 percent of the target.
Towards the tax revenue, the collections amounted to Rs 443.05 billion, making 33.98 percent of the target. Similarly, towards the non-taxation collection, the revenue is 45.23 percent of the target, or Rs 52.094 billion. A target was set to take foreign grants totaling Rs 49 billion and 943 million in the current fiscal year, and 5 percent of this amount, or Rs 2 billion and 758 million, has been received so far.
Out of the total budget of Rs 1 trillion, 751 billion, 312 million, and 100 thousand for the current fiscal year, Rs 566 billion, 621 million, and 300 thousand have been spent until January 14. This amount of expenditure is equivalent to 32.35 percent of the annual goal. Out of the total budget of Rs 1 trillion, 141 billion, 784 million, and 100 thousand allocated under the current heading, 38.31 percent, or Rs 437 billion, 381 million, and 200 thousand, have been spent so far.
Similarly, of the Rs 302 billion, 74 million, and 400 thousand allocated towards the capital expenditure heading, 16.3 percent, or Rs 49 billion, 235 million, and 800 thousand, have been spent. Out of the Rs 307 billion, 453 million, and 600 thousand budget allocated towards the financial management heading, 26.2 percent, or Rs 80 billion, 4 million, and 300 thousand have been spent.