In a mid-term review of the annual budget, the Nepal Government has reduced the total budget to NPR 1.38 trillion against NPR 1.53 trillion, for the Fiscal Year (FY) 2075-76 (2019\/20).<\/p>\n
Finance Minister Yubaraj Khatiwada has announced that the total budget for current FY has been reduced to NPR 1 trillion 385 billion and 963 million. Earlier, the Nepali Government had announced the annual budget of NPR 1 trillion 532 billion and 967 million.<\/p>\n
The government\u2019s decision to resize the budget is attributed to the fact that only 90.4 % of the total budget is estimated to be spent.<\/p>\n
Details<\/strong><\/td>\nRevised Amount<\/strong><\/td>\n | Earlier Amount<\/strong><\/td>\n<\/tr>\n | Capital Expenditure<\/strong><\/td>\n | NPR 326.81 billion (80.1%)<\/td>\n | NPR 408 billion<\/td>\n<\/tr>\n | Revenue Collection Target<\/strong><\/td>\n | NPR 1.05 trillion (95.6%)<\/td>\n | NPR 1.1 trillion<\/td>\n<\/tr>\n | Recurrent Expenditure<\/strong><\/td>\n | NPR 904.46 billion (94.5%)<\/td>\n | NPR 957 billion<\/td>\n<\/tr>\n | Financial Management<\/strong><\/td>\n | NPR 154.69 billion (92.2%)<\/td>\n | NPR 167.8 billion<\/td>\n<\/tr>\n | Total Budget<\/strong><\/td>\n | NPR 1 trillion 385 billion and 963 million (90.4%)<\/td>\n | NPR 1 trillion 532 billion and 967 million<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n | The revision of the revenue collection target has emerged amid the government\u2019s failure to meet the expected target.<\/p>\n So far, the Nepali Government has collected revenues worth NPR 433.15 billion by mid-January, against the target of NPR 537 billion. Revenue collection over the first six months stood at a mere 39% of the targeted amount of more than NPR 1.1 trillion for this fiscal year.<\/p>\n <\/p>\n According to Minister Khatiwada, 27.6% (NPR 422.556 billion) of the total allocated budget has been spent so far. A total of NPR 396.068 billion (32.4 %) has been spent under the recurrent expenditure, while only NPR 62.766 billion (15.4%) under capital expenditure.<\/p>\n Other Notable Stats During Review Period:<\/strong><\/p>\n This is the second consecutive year that the Nepali Government has revised the annual budget 2075\/76<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" In a mid-term review of the annual budget, the Nepal Government has reduced the total budget…<\/span><\/p>\n |