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Tag Archives: capital expenditure

Recurrent expenditure ‘higher than tax revenue’

Tax revenue is inadequate to meet the country’s recurrent expenditure despite a surge in revenue mobilisation in recent years, according to Asian Development Bank (ADB). “The ballooning recurrent expenditure is a matter of serious concern,” said the ADB’s Macro-Economic Update

Government spent 70 per cent capital budget in last two months

As usual, the government has spent 70 per cent of the capital expenditure in the last two months of the last fiscal year, despite the timely budget. Over the last six fiscal years – from fiscal year 2008-09 to fiscal

Government failed to spend capital budget, finance minister Koirala

Despite timely budget for the current fiscal year 2013-14, the government failed to expedite the capital expenditure that could have created employment, encourage private sector to borrow and invest, and above all propel the economic growth. The capital expenditure could

Capital expenditure stands at Rs 9 billion only by December end

Despite timely budget for the current fiscal year 2013-14, the government has not been able to expedite capital expenditure. As of January 1, the government has been able to spend only Rs 9 billion on development works – that is

Budget surplus stands at Rs 51.72 billion due to low capital expenditure

Government treasury is surplus with Rs 51.72 billion – in the five months – due to low capital expenditure and timely budget for the current fiscal year 2013-14. “Despite timely budget the line ministries have not been able to expedite