Less than half of development budget spent with just four days left in fiscal year

KATHMANDU, July 6–With only four days remaining before the current fiscal year’s payment system closes, Nepal has spent less than half of its development (capital) budget. As of Friday, the 20th of Asar (July 5), only 47.69 percent of the capital expenditure had been utilized. The Office of the Financial Comptroller General will shut down the payment system for the fiscal year 2080/81 from Asar 25 (July 9).