CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Public spending accounts for five percent in six months

CEO TAB by CEO TAB
January 27, 2020
in Prime News
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Chitwan, January 27: The state offices here in the district have spent only 5.10 percent of the total budget appropriated for development in the six months of the fiscal year 2075/76 BS.

You might also like

Nepal Rastra Bank Eases Foreign Currency Rules for Students Studying Abroad

Nepal and India Launch Cross-Border Digital Payment System

Nepal Earns Rs 1.26 Billion as Spring Mountaineering Season Concludes

The federal office also has witnessed dismal performance in terms of capital spending. According to Information Officer at the Fund and Account Control Office Chitwan, Sharad Chandra Bhattarai, the development budget accounted for Rs 2.16 billion out of Rs 3.02 billion appropriated by state government for public offices in the district. The capital spending of state-allocated budget has accounted for only 5.10 percent as of 14 January, he shared.

The spending on recurrent budgets of state governments also has a disappointing trend. Only 18.46 percent of recurrent budget has been spent in the last six months. The recurrent budget appropriated in the current fiscal year was Rs 837 million.

Likewise, public spending of the federal government budget is 10.70 percent in the six months. Bhattarai said the federal government had earmarked a budget of Rs 15.83 billion of which capital spending was only Rs 5.67 billion. Likewise, the recurrent spending stood at 48.35 percent. Bhattarai further shared that the federal revenue generated during the period was Rs 15.45 billion while the state revenue amounted to Rs 332.9 million.

The reasons for low public spending are bid calls for development projects of federal and state governments and preparation of detailed project report. There have long been public grievances over non-performance in earlier months and hasty works in the final quarter of every fiscal year. RSS

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Nepal Rastra Bank Eases Foreign Currency Rules for Students Studying Abroad

by CEO Tab
June 10, 2026
0
Nepal Rastra Bank Eases Foreign Currency Rules for Students Studying Abroad

The Nepal Rastra Bank (NRB) has relaxed foreign exchange regulations for Nepali students seeking higher education abroad or those already enrolled in overseas institutions. Through a unified circular,...

Read more

Nepal and India Launch Cross-Border Digital Payment System

by CEO Tab
June 10, 2026
0
Nepal and India Launch Cross-Border Digital Payment System

Nepal and India have officially launched their long-awaited cross-border digital payment system, with National Payments Corporation International Payments Limited (NIPL) and Nepal Clearing House Limited (NCHL) jointly rolling...

Read more

Nepal Earns Rs 1.26 Billion as Spring Mountaineering Season Concludes

by CEO Tab
June 10, 2026
0
Nepal Earns Rs 1.26 Billion as Spring Mountaineering Season Concludes

Nepal's spring mountaineering season has officially concluded, with a total of 1,195 domestic and foreign climbers obtaining permits to scale 31 peaks, including Mount Everest, the world's highest...

Read more

Flydubai Secures Approval for Daily Pokhara–Dubai Flights from September

by CEO Tab
June 10, 2026
0
Flydubai Secures Approval for Daily Pokhara–Dubai Flights from September

Flydubai has received approval to operate direct flights between Pokhara and Dubai, paving the way for regular international air connectivity from Pokhara International Airport. According to Pokhara International...

Read more

Hetauda Cement Industry Grapples with Financial Crisis Amid Funding Shortages

by CEO Tab
June 9, 2026
0

The state-owned Hetauda Cement Industry is facing a severe financial crisis due to the lack of sustainable financial resources, making it difficult to purchase coal on time and...

Read more
Next Post
Government to focus on collecting taxes from high-income sectors

Government to focus on collecting taxes from high-income sectors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.