Oct 15, Kathmandu - The Nepal government spent Rs 199.84 billion during the first two months of the current fiscal year 2083/84, according to data from the Financial Comptroller General Office.

Of the total expenditure, recurrent spending stood at Rs 122.04 billion, capital expenditure at Rs 7.66 billion, and expenditure on financial management at Rs 70.14 billion.

The government mobilized Rs 183.21 billion in revenue during the review period. This included Rs 172.43 billion in tax revenue and Rs 10.78 billion in non-tax revenue. The total also includes revenue allocated to provincial and local governments.

Indirect taxes accounted for 75.3 percent of total government revenue, while direct taxes made up 18.2 percent, non-tax revenue 5.8 percent, and other receipts 0.7 percent. Compared with the same period last fiscal year, the share of direct taxes declined, while the shares of indirect taxes and non-tax revenue increased.

As of mid-September, government accounts held cash balances of Rs 384.69 billion, up from Rs 277.46 billion at the end of the previous fiscal year. The figure includes funds held in provincial and local government accounts.

Provincial governments spent a combined Rs 4.48 billion during the period and mobilized Rs 24.54 billion in resources. Of this, Rs 16.38 billion came from federal fiscal transfers and revenue sharing, while Rs 6.42 billion came from provinces’ internal sources and other receipts.