Saturday, October 9, 2010

Government spending low, growth to fall victim

The absence of full-fledged budget and the political deadlock have hurt the government spending that would pull the growth rate for this fiscal year.
According to the central bank, the government budget remained at a surplus of Rs 4.97 billion in the first month of 2010-11.
"A high growth of revenue mobilisation relative to government expenditure accounted for such a budget surplus," said the central bank. But in the same period last fiscal year, the budget surplus stood at Rs 3.18 billion.
Though the central bank attributed the surplus to the high revenue mobilisation, its growth rate has slowed down to more than four times to around 12 per cent from last year's 52 per cent.
Similarly, total government spending also decreased by 8.1 per cent to Rs 9.97 billion, compared to an increase of 44 per cent in the same month (Shrawan) of the previous year.
In spite of increase in the recurrent expenditure, total government expenditure has decreased mainly on account of the decrease in capital expenditure, principal repayment and freeze expenditure, said the central bank.
Revenue mobilisation grew by 12.1 per cent to Rs 13.16 billion, compared to an increase of 52.2 per cent to Rs 11.74 billion in the corresponding period of the previous year.
The growth rate of income tax accelerated. However, the growth rates of customs duties, Value Added Tax (VAT), excise revenue, registration fee and vehicle revenue came down, compared to that of the same month (mid-August) of the last fiscal, said the central bank. Likewise, the non-tax revenue has also declined.
Foreign cash loans of Rs 183.5 million and foreign cash grants of Rs 1.28 billion were received by the government in the first month of the current fiscal year. The government had received foreign cash loans of Rs 208.7 million and foreign cash grants of Rs 1.50 billion in the same period of the last fiscal.

5 comments:

Anonymous said...

Deciding to buy online can result in a huge cost savings while
providing you the best options for your hair care needs today.
This article will explain the hair product diversion conspiracy and list
ways that you can determine whether or not the beloved
salon brand you saw in Walgreens last week was truly diverted
merchandise or strategically placed by the powers that be.

When one thinks of fungus, they don't generally associate it with the head or scalp, but the itching, burning scalp, rash or pimples on the scalp could very well be caused by a fungus, requiring antifungal shampoo to provide well needed relief to the symptoms.

Feel free to surf to my web blog - hair products

Anonymous said...

Since the program is based on a real time world, users would not only be able to
choose the weather of their choice but also the scenery.
Even recommended system specs had difficulties coping with the games demands on first launch when flying over the more substantial town locations.
The atmosphere parameters calculated are: temperature, dew point,
pressure density, wind (three-dimensional) and visibility.
We would like to invite you to join our virtual airline in Ireland if
you have some time that you can spend with is
to fly online. Unfortunately, the series has been dormant for
quite some time and there isn't any indication that it will be returning anytime soon.

My blog - simulator

Anonymous said...

You'll also opt in purchasing a survey scanner if you should happen to feel that you need better probabilities in finding the ore that you would like to mine. This running water will in fact speed up your removal of the water and with a simple flip of the valve can add water to the fish tank. Thanks for reading this article about Oregon gem mining on Associatedcontent.

Anonymous said...

I am Linda Khanzetian, Doctor of natural Health, with the Washington Institute
of Natural Medicine, located in Washington, D. When a patient comes to
me with symptoms of this disorder, I do not respond with mind-dulling medications or invasive techniques.
Also like many single parents, Sebastiao is
hoping to share the bills with her former spouse.
They began their musical association in Nashville, TN in 1971, performing in local clubs.
The delivery of Linda Mc - Cartney sausage rolls package
is usually in frozen form.

Review my site: military medical retirement pay chart

Anonymous said...

One should apply minimal pressure to lift these concrete
grinders and also hold it in flat motion while working.
The estimate you receive will be based on the number of skips you need, what size skip
you want, and how long you plan to keep it.
Repairing larger cracks or holes in driveways takes a little more time and preparation.