Government spent 24.09 % of total budgetary amount in 6 months

Jan 15, 2020 01:08 PM Merolagani

The government has spent merely 24.09 percent of total budgetary amount in the first six months of the current FY according to the data published by the Office of Auditor General.c

During the period, the government spent 13.72 percent i.e. Rs 58.39 billion in capital expenditure compared to 17.7 percent of the corresponding period of the last FY.

At the same time, the government spent 32.35 percent i.e. Rs 309 billion in current expenditure.

Out of the total Rs 1532.96 billion budgetary expenses, the government allocated Rs 9.57 billion for current expenses, Rs 408 billion for capital expenses and Rs 167.85 billion for financial management.

Similarly, the government collected 38.95 percent of revenue during the period. The government targeted revenue collection of Rs 1113.03 billion for the current FY out of which it collected Rs 433 billion revenue till date.

The government that targeted to achieve 8 percent economic growth has recently cut the growth rate to 7.1 percent; however, with the current pace of capital expenditure, the government might fail to achieve the revised growth as well.

In the meantime, the government spent 16.50 percent i.e. Rs 27.69 billion in financial management.

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