Government Estimates to Spend 83% of  Budget in Current FY

May 29, 2023 05:04 PM Merolagani

The government has estimated to spend 83 percent of the budget which is Rs 1504.99 billion in the current FY.

Presenting the budget for the upcoming FY, Finance Minister Dr Prakash Sharan Mahat announced that the government estimates to spend Rs 1043.39 billion i.e. 88 percent of allocated fund in current expenses, Rs 258.34 billion i.e. 67.91 percent of capital expenditure and Rs 203.26 billion in financial expenses in the current FY.

The government estimates the economy to grow by only 2.16 percent in this current fiscal year.

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