Govt struggles to spend capital budget in first half of current FY

KATHMANDU, Jan 31: Weak capital expenditure and mounting pressure on revenue collection marked the government’s fiscal performance in the second quarter of the current fiscal year. According to a report released by the Ministry of Finance, capital spending stood at only 11.66 percent of the allocated amount of Rs 408 billion while revenue fell short of the mid-year target by nearly Rs 130 billion.