According to the Financial Comptroller General Office (FCGO), only about 19 percent of capital expenditure has been made by the second quarter.
The federal government has brought a total budget of Rs 1,964 billion 110 million for the current fiscal year, of which Rs 926 billion 586 million 500 thousand has been spent by the end of Fagun.
This is 47.18 percent of the annual budgetary allocation. Out of an allocation of Rs 118 billion 980 million under the current expenditure heading, 54.37 percent has been spent.
It has been reported by the FCGO that under the capital expenditure heading, out of an allocation of Rs 407 billion 888 million, 19.24 percent has been spent, while under the financial management heading, out of an allocation of Rs 375 billion 242 million, 54.89 percent, that is Rs 205 billion 952 million 300 thousand, has been spent so far.
Similarly, the government's revenue collection until the end of Fagun stands at 49.89 percent of the annual target. The government had set a target to collect Rs 1,533 billion 446 million 900 thousand in revenue for the current fiscal year, out of which R 765 billion 101 million 600 thousand has been collected until the end of Fagun. (RSS)
