Mid-term review of budget: Revenue stands at 38 percent, spending at 35 percent

Both the revenue and expenditure of the government has appeared weak in the mid-term review of the current fiscal year budget. 

According to the Financial Comptroller General Office (FCGO), the government's revenue has shrunk to 38 percent and spending to 35 percent against the annual target as of mid-January. 

For the current fiscal year, the government had proposed a budget of Rs 1,964 billion 110 million. 

By the end of Poush (mid-January), Rs 690 billion 216.4 million had been spent, which comes to 35.14 percent of the annual target. 

The budget expenditure under the current headings for the reporting period is 41.25 percent of the annual target. 

Out of Rs 1,181 billion allocated for current headings, Rs 487 billion 143.1 million has been spent so far. 

The capital expenditure has been reduced to 12.12 percent. 

For the current fiscal year, recurrent budget of Rs 407 billion 888 million was proposed, but only Rs 494.2 million has been spent so far. 

Similarly, under the financial management heading, Rs 375 billion 242 million was allocated for the current fiscal year, and by mid-January 2026 Rs 153 billion 644.9 million has been spent. 

This expenditure constitutes 40.95 percent of the annual allocation for this heading. 

This year the government has set a target of generating total revenue of Rs 1533 billion 446.9 million. 

As of mid-January this year, the revenue generated was only Rs 588 billion 514.2 million which comes to 38.38 percent of the annual target. 

 

 

Gold price drops by Rs 1, 500 per tola on Thursday

The price of gold has dropped by Rs 1, 500 per tola in the domestic market on Thursday. 

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 276, 500 per tola today.  It was traded at Rs 278, 000 per tola on Tuesday. 

Similarly, the silver is being traded at Rs 5, 485 per tola.

Nepse surges by 1. 52 points on Wednesday

The Nepal Stock Exchange (NEPSE) gained 1. 52 points to close at 2, 641. 43 points on Wednesday. 

The sensitive index, however, has dropped by 0. 13 points to close at 454. 73 points.

A total of 12,504,970-unit shares of 320 companies were traded for Rs 1. 50 billion.

Meanwhile, Super Madi Hydropower Limited (SMHL) was the top gainer today, with its price surging by 9. 94 percent. 

Likewise, 9% ICFC Finance Limited Debenture 2088 (ICFCD88) was the top loser as its price fell by 3. 30 percent.

At the end of the day, total market capitalization stood at Rs 4. 43 trillion.

 

Gold price hits new record at Rs 278, 000 per tola

The price of gold reached an all-time high in the domestic market on Wednesday, setting a new historical record.

According to the Federation of Nepal Gold and Silver Traders, the price of gold has increased by Rs 1, 500 per tola to reach Rs 278, 000 per tola today. It was traded at Rs 276, 500 per tola on Tuesday. 

Similarly, the silver is being traded at Rs 5, 655 per tola.