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Government Spends Rs 2 Billion in 20 Days

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Government Spends Rs 2 Billion in 20 Days
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August 8: The government has spent nearly Rs 2 billion in the first 20 days of the current Fiscal Year 2078-79, according to the Office of the Auditor General.

The Office of the Auditor General has reportedly stated that a total of Rs 1.91 billion has been spent under different headings as of last Wednesday (August 4). According to the office, the majority of the budget was spent on current expenses.

Similarly, the Department of Inland Revenue (DRI) has collected Rs 3.80 billion, or 3.31 percent of its target. This is higher than the target achieved during the corresponding period of the previous fiscal year, the Office of the Auditor General said.

The government has spent Rs 1.58 billion in current expenditure and Rs 330 million in capital expenditure in the review period, according to the office.  

Economists say that the problem of less capital spending and postponement of development works has been a problem since the past and the government should address this issue. However, they claim that the problem was caused by procedural hassles rather than deliberate intention of not spending.     

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