Nepal’s Economic Growth at 4.61% in FY 2081–82, Annual Budget Spending Reaches 81%
Kathmandu – Nepal recorded an economic growth rate of 4.61% in the fiscal year 2081–82, with the total size of the economy estimated at NRs 61.07 trillion, according to the annual report released by the Ministry of Finance.
The report shows that out of a total budget allocation of NRs 18.60 trillion, NRs 15.13 trillion (81.33%) was spent during the fiscal year.
For current expenditure, NRs 11.41 trillion was allocated, of which NRs 9.56 trillion (83.84%) was utilized. In capital expenditure, NRs 3.52 trillion was allocated, with NRs 2.24 trillion (63.56%) spent. Meanwhile, financial management expenditure saw a utilization of NRs 3.33 trillion out of NRs 3.67 trillion (90.58%).
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During the fiscal year, total revenue collection amounted to NRs 11.96 trillion, including NRs 10.50 trillion in tax revenue, NRs 1.29 trillion in non-tax revenue, and NRs 17.36 billion in other receipts. This represents 84.28% of the targeted revenue collection of NRs 14.19 trillion set in the budget.
In terms of foreign aid, Nepal received NRs 14.89 billion, comprising NRs 2.35 billion in grants and NRs 12.54 billion in loans. Grants accounted for 15.8% and loans 84.2% of the total foreign assistance.
To cover the budget deficit, the government mobilized NRs 3.30 trillion in domestic loans and NRs 1.25 trillion in external loans, totaling NRs 4.55 trillion in public debt during the fiscal year.
This report reflects both the progress and challenges in Nepal’s fiscal management and highlights areas where expenditure efficiency and revenue mobilization can be improved.
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