Budget review every six months: 39% revenue, 35% expenses
The half-yearly review of the budget shows that 39 per cent of the focused-on income and 35 per cent of the anticipated consumptions have been accomplished.
According to the Comptroller General's Office, the government consumptions come to Rs 667 billion 619 million, speaking to 35.89 per cent of the yearly target, as of the conclusion of Push month (July 16 to January 13).
The government had set a yearly wage and use target of Rs 1,860 billion 333 million for the current financial year (2081-82/2024-25). Of the add up to assignment of Rs 1,140 billion 664.5 million for the financial year, investing measured to Rs 452 billion, or 39.63 per cent.
The capital consumption stood at Rs 56 billion 935 million, or 16.16 per cent, of the add up to capital expenditure allocation of Rs 352 billion 354 million.
Expenditures beneath the financial administration heading summed to Rs 158 billion 663.9 million, which is 43.2 per cent of the add up to assignment of Rs 367 billion 284.5 million.
The government had set a target of collecting Rs 1,471 billion 629.5 million in income for the monetary year, and by mid-year, Rs 574 billion 767.9 million had been collected, accomplishing 39.06 per cent of the target. In terms of tax collection, Rs 489 billion 399.2 million, or 38.11 per cent of the target, has been collected, whereas non-tax income collections come to Rs 70 billion 282 million, or 51.97 per cent of the target.
Furthermore, the government set a target of getting Rs 52 billion 326.5 million in foreign gifts, and as of mid-January, Rs 7 billion 370.6 million has been received.
source :risingnepaldaily