Kathmandu, January 17: The government's public spending and income situation has not improved in the six months of the current fiscal year 2081/82 BS. Last year, the government's account was in deficit. In just six months, the government's account has fallen by 93 billion causing a deficit in revenue collection.
According to the statistics of the Auditor General’s Office, the total income of the government from taxes, non-state taxes and subsidies in the six-month period has been 5,74,76,79 lakh rupees. During this period, the government has received 7.37 billion rupees as foreign grant. The government has set a subsidy target of Rs 52.32 billion.

Even after six months of the current financial year, the government has achieved only 39 percent of the target through taxes and non-taxes, while the grant has achieved only 14.75 percent.

During the six-month period, the expenditure was Rs 5,74,76 crore against the income of Rs 6,67,60 crore. That is 36% of the total target.

During this period, an amount of Rs 39.63 lakh has been spent. The total cost of the project is only 93.5 million. This is only 16% of the total annual target. Similarly, the Comptroller and Auditor General has a figure of Rs1.58 billion 66.39 million spent towards the financial system. The target is 43%.

Overall, the government has earned 39% of the annual target for the six-month period and spent 36%. In order to balance income and expenditure, the government has to raise internal and external debt.
The government has allocated Rs 3,52,35 crore for the current financial year under the development construction i.e. capital expenditure. The budget allocated in the capital is less than the total budget of 18 billion 60 billion 30 crore. But the money is not spent.
The Auditor General's data shows that only 16 percent of the expenditure allocated in the development budget has been spent by the completion of 6 months. In this case, the development activities will take place. However, the budget for the development project is low.
Credit to the private sector is also low. The bank has an investment of Rs 6 crore. The National Statistics Office has projected the country's economic growth rate at 3.4 percent in the first quarter of the current fiscal year. The Asian Development Bank (ADB) has projected a growth rate of 4.9 per cent. The government has set a target of 6% economic growth. However, experts say that the state of government spending and income, as well as the state of development construction, investment, business environment, etc. will make this goal unachievable.
Tribhuvan University’s Associate Professor Dr. Bharat Bhuyan says that it will not be possible to achieve the country's targeted economic growth if the amount allocated for development is not spent. "It's a shame that capital expenditure is only 16 per cent for six months." "The government should not only review the situation now, but also revise the working style and trend," he said, adding that the situation will remain the same in the beginning and the last time the revenue is spent, it raises a natural question about its transparency and quality."  "With the current state of economic activity and government data, the trend of spending this revenue in the future will certainly be repeated," he said.