How government scrambles to spend budget

Every year, the government scrambles to spend the annual budget before the next budget comes into execution. In Nepal, it is widely termed as “Asaray Bikash” that implies to the Nepali month of Asar (June-July) when the government authorities flap their wings to spend the budget at the eleventh hour.

In Nepal, capital expenditure has been a recurrent problem as the government toils hard to spend the budget amid public criticism. The government then has a usual response: This will not happen next fiscal year. Unfortunately, the custom is repeated!