The two-third majority government also failed to drive the development expenditures and followed the footsteps of earlier governments as the first six months – of the current fiscal year – witnessed a sluggish capital spending.
Though the stable government has been repeatedly claiming proper execution of the budget would be its top priority, it has failed to walk the talk as the government has managed to spend only 17.68 per cent of the total capital expenditure in the first six months of the current fiscal year, according to the Financial Comptroller General Office (FCGO) statistics. In the six months of the last fiscal year 2017-18, the government had spent 14.35 per cent of the capital expenditure.
"Of the Rs 313.9 billion allocated for capital expenditure for the current fiscal year 2018-19, the capital spending stood at only Rs 55.5 billion or 17.68 per cent till yesterday, the last day of the six months," the FCGO report reads, adding that the government’s total budget spending – including capital expenditure, financing and recurrent – stood at 28.57 per cent of the total budget of Rs 1.31 trillion for the current fiscal year. Likewise, the government has spent Rs 296.5 billion as recurrent expenditure – spending on non-capital formation programmes like salaries of government staffers, social security and other expenses – of the total allocation of Rs 845.5 billion.
Likewise, the government has been able to spend 15.24 per cent or Rs 23.7 billion on financing till mid-January out of the total allocated budget of Rs 155.7 billion for the current fiscal year.
The government has been able to mobilise revenue worth Rs 520 billion in the first six months of the fiscal year 2018-19, which is 55 per cent of the revenue target of Rs 945 billion for this fiscal year, according to the FCGO statistics. "The government maintains a budgetary surplus of Rs 144.2 billion as of six months."
Though the stable government has been repeatedly claiming proper execution of the budget would be its top priority, it has failed to walk the talk as the government has managed to spend only 17.68 per cent of the total capital expenditure in the first six months of the current fiscal year, according to the Financial Comptroller General Office (FCGO) statistics. In the six months of the last fiscal year 2017-18, the government had spent 14.35 per cent of the capital expenditure.
"Of the Rs 313.9 billion allocated for capital expenditure for the current fiscal year 2018-19, the capital spending stood at only Rs 55.5 billion or 17.68 per cent till yesterday, the last day of the six months," the FCGO report reads, adding that the government’s total budget spending – including capital expenditure, financing and recurrent – stood at 28.57 per cent of the total budget of Rs 1.31 trillion for the current fiscal year. Likewise, the government has spent Rs 296.5 billion as recurrent expenditure – spending on non-capital formation programmes like salaries of government staffers, social security and other expenses – of the total allocation of Rs 845.5 billion.
Likewise, the government has been able to spend 15.24 per cent or Rs 23.7 billion on financing till mid-January out of the total allocated budget of Rs 155.7 billion for the current fiscal year.
The government has been able to mobilise revenue worth Rs 520 billion in the first six months of the fiscal year 2018-19, which is 55 per cent of the revenue target of Rs 945 billion for this fiscal year, according to the FCGO statistics. "The government maintains a budgetary surplus of Rs 144.2 billion as of six months."
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