Government Expenditure at Rs. 355 Billion in 4 Months Period
December 15, 2023 | Investopaper
According to Ministry of Finance, Financial Comptroller General Office (FCGO), the total expenditure of the Nepal Government stood at Rs.355.63 billion during the four months of 2023/24.
Compared to the growth of 22.1 percent in the last fiscal year, government expenditure increased by 1.3 percent only in the review period. The recurrent expenditure, capital expenditure and financial expenditure amounted to Rs.271.17 billion, Rs.29.99 billion and Rs.54.47 billion respectively in the review period.
In the review period, total revenue mobilization of Nepal Government (including the amount to be transferred to provincial and local governments) stood at Rs.276.64 billion.
Revenue mobilization recorded a growth of 3.2 percent in the review period in contrast to decrease of 19.8 percent in the same period of last fiscal year. The tax revenue amounted Rs.254.30 billion and non tax revenue Rs.22.34 billion in the review period.
Cash Balance at various accounts of the GoN maintained with NRB remained Rs.152.40 billion (including Provincial Governments and Local Government Account) in mid-November 2023. Such balance was Rs.71.98 billion in mid-July 2023.
