The government spent only 23 percent of the capital expenditure in the first eight months of the current Fiscal Year (FY) 2024/25.
A capital budget of Rs 352.35 billion was allocated for the fiscal year; however, by the end of Falgun (mid-March), only Rs 81.77 billion had been utilized, according to the Financial Comptroller General Office (FCGO). During this period, 51 percent of the recurrent budget target was spent.
For recurrent expenditure, Rs 1.140 trillion was allocated, with Rs 583.71 billion utilized by the end of Falgun.
Similarly, out of Rs 367.28 billion allocated for the financial management sector, 47 percent, or Rs 172.89 billion, had been spent.
FCGO data reveals that revenue collection has reached only half of the target, standing at 50.75 percent in the eight months. The government set a revenue target of Rs 1.419 trillion for the year, but only Rs 715.44 billion had been collected by the end of Falgun.
Regarding foreign grants, only 17 percent of the target has been achieved. The government aimed to receive Rs 52.32 billion in foreign grants this fiscal year, but only Rs 9.11 billion had been received in the first eight months.
Overall, the government generated a total income of Rs 733.87 billion while incurring an expenditure of Rs 838.38 billion, resulting in a deficit of Rs 105 billion.
