According to recent government data, the government has only been able to invest about 36% of the annual development budget after ten months of the current fiscal year.
If the government wants to meet the goal, it will have to invest 64% of its annual budget in the next two months, which is highly unlikely.
Different waves of the Covid-19 pandemic seem to have had an effect on the government’s expenditure ability.
According to the Financial Comptroller General Office, the government invested Rs 125.77 billion on construction projects in the last ten months, accounting for 35.64 percent of the year’s budget (Rs 352.91 billion).
However, in terms of overall expenditures, the government is doing better, having invested 55.93 percent of the total expected expenditure, or Rs 824.79 billion, out of a total budget of Rs 1.474 trillion.
Regardless of the data, the government appears to be on track to reach its revenue goal. The government has raised Rs 761.01 billion, or 75.22 percent of the Rs 1.011 trillion annual mark. The remaining 25% is expected to be collected in the next two months by the government.