Kathmandu. Like every other fiscal year, the government could not meet the target of capital budget expenditure allocated for development works in the last fiscal year 2082÷83.

According to the statistics of Financial Comptroller General’s Office, the government has been able to spend only 46.79 per cent of the total allocated capital expenditure till the end of the current fiscal year. The government needed to spend 53.21 per cent more to meet the capital expenditure target.

According to the statistics, the government had set a target of spending Rs 407.88 billion in the last fiscal year. However, the government has spent only Rs 190.84 billion till June 14 in the last fiscal year.

Statistics of the Auditor General show that although the government has allocated a huge amount of money for development, construction, infrastructure expansion and implementation of public projects in the current fiscal year, more than half of the budget has not been spent due to lack of spending capacity.

Similarly, the government has spent Rs 1043.99 billion against the target of Rs 1180.98 billion. The government has spent 88.40 per cent of the current expenditure.

Similarly, the government’s revenue has also been raised by 83.51 per cent of the target. According to the statistics of the office, the government had set a target of earning Rs 1,533.44 billion through various headings in the last fiscal year. The government has not been able to earn as per the target. The government has managed to earn only Rs 1,280.65 billion in such income till July 14.

In the last fiscal year, the government had set a target to collect Rs 14.80 trillion in revenue from taxes. However, the government has collected only Rs 1,241.31 billion in revenue till July 16. This is only 83.87 percent of the target.

Similarly, the government has set a target of collecting Rs 1,325.58 billion in tax revenue. However, the government has collected only 83.87 per cent or 84.57 per cent of the target.

The then Finance Minister Bishnu Prasad Poudel had presented the budget for the last fiscal year. The budget was implemented by the Sushila Karki government formed after the Jenji agitation on September 7 and 24 and the Balen government formed after the March 4 elections.

After the Genji movement, there has been no confidence in the private sector. The government also could not spend capital under pressure. The market could not function as the government did not spend capital expenditure.