
Spending is higher than income, with 23% of spending in eight months
The government's consumption has outperformed the salary till the second quarter of the current fiscal year 2024/25.
Agreeing to information from the Office of the Monetary Comptroller Common, the government's salary stood at Rs 738 billion 821 million and 300 thousand whereas the use was Rs 839 billion and 356 million rills March 13.
This implies that the use is Rs 153.47 billion more than the government's pay within the second quarter.
Essentially, the government's development expenditure has moreover been exceptionally weak during this period.
Concurring to the information of the Financial Comptroller Common, the capital consumption till March 13 is as it were 23.37 per cent of the yearly allotment. The government has apportioned Rs 352 billion and 354 million under the capital head for the current financial year and out of this as it were Rs 82 billion and 336 million has been spent so far.
The government had displayed a budget of Rs 1 trillion 860 billion and 303 million for the current monetary year.
Till mid-March, 45.12 per cent of the yearly assignment of Rs 839 billion and 356 million has been went through. Of the Rs 1 trillion 140 billion 664 million and 500 thousand distributed under the current head, 51.21 per cent i.e. Rs 584 billion 127 million and 800 thousand have been went through.
Of the Rs 367.28 billion apportioned for money related administration, 47.07 per cent i.e. Rs 172.89 billion has been went through.
The government has so far collected 50.2 per cent or Rs 738.82 billion as income against the target of Rs 1,471.62 billion for the current monetary year. Out of this, Rs 1,284.20 billion has been designated towards charge income, of which 49.74 per cent i.e. Rs 638.79 billion has been collected so far. So also, 60.36 per cent i.e. Rs 81.54 billion has been collected so far against the target of Rs 135.93 billion towards the non-tax revenue.
The government's foreign grant mobilization is additionally exceptionally frail. Out of the target of collecting Rs 52.32 billion in outside awards for the current fiscal year, 17.51 per cent of the yearly target i.e. Rs 9.16 billion has been gotten so far.