KATHMANDU: Nepal’s traditional trend of hasty year-end spending has repeated itself in the final month of the fiscal year.

Data from the Financial Comptroller General Office (FCGO) reveals that between June 15 and July 8, the government’s daily capital expenditure spiked to Rs 1.27 billion.

In comparison, the average daily capital spending for the rest of the fiscal year up to July 8 was significantly lower at roughly Rs 457 million.

During this 24-day window alone, capital spending surged by Rs 30.50 billion, pushing the total capital expenditure to Rs 163.17 billion.

Overall government spending also saw a massive acceleration, climbing by Rs 185.31 billion to reach a total of Rs 1.531 trillion by July 8.

On the revenue side, the government’s total income grew by Rs 81.04 billion during the same 24-day period, rising from Rs 1.110 trillion on June 14 to Rs 1.191 trillion by July 8.

By this date, the state had achieved 79.33% of its annual tax revenue target and secured 51.73% of its foreign grant assistance goal.