July 18, 2021 | Investopaper
Capital spending has improved amid the second wave of the Covid epidemic. The government has been able to increase capital expenditure by 20.75 percent this year as compared to last fiscal year.
The government has spent a total of Rs. 228.30 billion in FY 2077/78. This is 20.75 percent more than the previous fiscal year. In FY 2077/78, the government was able to spend Rs. 189.08 billion on capital expenditure.
The government had allocated capital budget of Rs. 352.91 billion for the fiscal year 2077/78. However, the target of the capital budget was reduced by about 20 percent to Rs. 283.04 billion. The capital expenditure of the government in the fiscal year is 64.69 percent of the target. Similarly, it is 80.66 percent of the revised estimate. Last year, the government was able to spend only 46.34 percent of the allocated capital budget.