Spread the love

By Our Reporter

The health of the economy is still not good. It is evident from the fact that both income and expenditure looked poor in the first five months of the current fiscal year of 2024/25.

In the first five months, from mid-July to mid-December, the government managed to collect only 28 per cent revenue of the annual target while the expenditure is 30 per cent, according to a report of the Financial Comptroller General Office.

Poorer is the capital expenditure. In five months, the government spent Rs. 40.8 billion of Rs. 352.4 billion allotted under capital expenditure this year. It means the government managed to spend only 11.58 per cent of the annual capital expenditure budget.  However, the current expenditure has reached 31.87 per cent. The government spent Rs. 363.5 billion of Rs. 1140. 6 billion allotted for current expenditure.

Likewise, the government spent Rs. 151. 7 billion of the total Rs. 367. 2 billion allotted under the finance budget.

Likewise, the government collected Rs. 477.7 billion in revenue in the first five months. The government has a target to collect Rs. 1471.6 billion in revenue this fiscal year, which is 27.5 per cent of the total target.

During these five months, the government failed to receive any grants from donors although in the budget, the government has set a target to collect grants worth Rs. 52 billion.