The amount of aggregate expenditure of the Federal Government in this fiscal year has surpassed that of the previous Fiscal Year (FY) amount, just a few days before the end of the current FY.
The data of the Financial Comptroller General Office (FCGO) revealed that the current FY aggregate expenditure stands at Rs. 1,121.60 billion, 30 billion more compared to total expenditure in the previous FY, Rs. 1091.13 billion.
Similarly, the current FY Capital Expenditure surpassed by Rs. 3.5 billion compared to that of the previous Fiscal Year.
The FCGO data showed that the government in the current FY has incurred a capital expenditure of Rs. 192.5. In the previous FY, the government had incurred Rs. 189.08 billion for capital expenditure.
The amount of the expenditure portrayed an optimistic picture amidst the obstruction of the economic activities owing to the enforcement of the prohibitory order to curb the spread of COVID-19.
However, the government expenditure still slightly far away from the targeted expenditure for the current FY that was revised in the February during the mid- term review.
The government had reviewed the budget expenditure incurred between the mid-July to mid- January. In February, it had downsized the target of the government expenditure to Rs. 1,344.68 billion from Rs, 1,474.64 billion of the budget speech.
In the revised budget, the government had targeted to make the current expenditure of Rs. 914.78 billion, the capital expenditure of Rs. 283.04 billion and the financial expenditure of Rs. 146.86 billion. However, the government has so far been able to meet 88.05 per cent, 54.57 per cent and 54.11 per cent of the current, capital and financial expenditure targets respectively.
Source : TRN,
