Nepal’s Fiscal Year 2082/83 Ends Amidst Uncertainty

Nepal’s fiscal year 2082/83 has come to a close, marked by significant political upheaval. The year saw a major shift in the country’s politics, laying the groundwork for a new era of political transition.

The previous fiscal year, 2081/82, had seen a budget implementation of only two-thirds, a stark contrast to the current year’s performance. Despite the challenges posed by the COVID-19 pandemic, the government managed to implement 85% of the budget for 2082/83.

However, the capital expenditure for the year remained low, with only 61% of the allocated budget being utilized. This is the lowest capital expenditure in the past five years, sparking concerns over the government’s ability to implement development projects.

The government had allocated a total budget of NPR 1.64 trillion for the fiscal year, with a significant portion earmarked for development projects. However, the low capital expenditure has raised questions over the government’s priorities and its ability to deliver on its promises.

As the country enters a new fiscal year, the government faces significant challenges in implementing its development agenda. The low capital expenditure in the previous year has set a worrying precedent, and the government must take steps to address this issue and ensure that development projects are implemented efficiently.