KATHMANDU, NOVEMBER 22
Even though the Finance Ministry has been issuing the budget implementation guidelines for the effective implementation of the budget, the government has not been able to expedite the spending of capital budget. Apart from the prevailing hurdles of budget execution, the COVID-19 pandemic has further impeded capital expenditure this fiscal, as per ministry officials.
In the first four months of the current fiscal year (mid-July to mid-November), merely 8.34 per cent (Rs 29.45 billion) of the total Rs 352.92 billion budget allocated for capital expenditure for the current fiscal year has been spent, according to statistics maintained by the Financial Comptroller General Office (FCGO).
Citing that the capital expenditure this fiscal has been affected by the COV- ID-19 and the difficult situation created by the pandemic, Dhani Ram Sharma, chief of Budget and Programme Division at Ministry of Finance said, “The lockdown and difficulty in mobi