September 19: In the first two months of the current fiscal year (FY), the government's spending accounted for only 7.49 percent of the total budget allocation. The capital expenditure was a mere 2.7 percent of the allocated Rs 302.07 billion for the months of Shrawan and Bhadra.
Furthermore, financial management expenses reached Rs 35.51 billion during this period, constituting 11.49 percent of the annual target, which is set at Rs 307.45 billion.
Remarkably, revenue collection during this time period amounted to 10.47 percent of the total annual target. Of the targeted Rs 1,472 billion for the current fiscal year, the government collected Rs 154.23 billion.
According to the Financial Comptroller General Office (FCGO), the government's total expenditure during the second month of the current fiscal year was Rs 131.14 billion. It may be noted that the government's revenue collection surpassed its spending by nearly Rs 23 billion.
During these first two months, tax revenue amounted to Rs 127.95 billion, while non-tax revenue reached Rs 13.12 billion. (RSS)