$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '17869',
'hit' => '497'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230515063714_budget new.jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '17869',
'hit' => '497'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230515063714_budget new.jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
$groupId = $user['Group']['id'];
$user_id=$user["id"];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '17869',
'hit' => '497'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230515063714_budget new.jpg'
$user = null
$groupId = null
include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '17869',
'hit' => '497'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230515063714_budget new.jpg'
$user = null
$groupId = null
$user_id = null
$date = '2023-05-15 18:35:53'
$dateFromDatabase = (int) 1684155053
$newDate = 'May 15, 2023'
$articleView = array(
'article_id' => '17869',
'hit' => '497'
)
$word_count = (int) 612
$time_to_read = (float) 3.06
$time_to_read_min = (float) 3
$time_to_read_second = (float) 4
include - APP/View/Articles/view.ctp, line 241
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.
Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '17869',
'hit' => '497'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '17869',
'hit' => '497'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '17869',
'hit' => '497'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '17869',
'article_category_id' => '1',
'title' => 'Government's Expenditure Surpasses Income ',
'sub_title' => '',
'summary' => 'May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 15: Fiscal deficit is going up as revenue collection is minimal in comparison to the public expenditure. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">According to the Financial Comptroller General Office (FCGO), the government's expenditure exceeds revenue collection by Rs 250 billion as of May 14 in the current fiscal year (FY 2022/23). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The public expenditure during this period was recorded at Rs 1047 billion while the revenue collection and grant received was equivalent to Rs 797 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The FCGO stated that the government spending in the last 10 months' period is equivalent to 58.41 percent of the annual budget appropriation. The government had brought budget of Rs 1,793.83 billion for the current fiscal year. Of this budget, the government has so far spent Rs 1047.76 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">It is said the current expenditure is 66.49 percent, capital expenditure is 33.04 percent and the expenditure towards fiscal management is 58.79 percent as of May 14 of the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The budget under the current expenditure heading for the current fiscal year is Rs 1183. 23 billion and so far Rs 786.74 billion has been spent. Similarly, Rs 380.38 billion was earmarked under the development heading in the current fiscal year and of this amount, Rs 125.67 billion has been spent in the 10 months. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Looking at the status of budget spending during this period, the budget spending under the fiscal management heading exceeds that under capital heading. Altogether Rs 135.3 billion has been spend towards fiscal management. The spending under the fiscal management heading is mainly for paying the principal and interest of public debt. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has been able to collect only over Rs 756 billion in revenues so far until May 14 against the target of over Rs 1,403 billion for the current fiscal year. The figure of collected amounts is only 54.66 percent. Only two months are left for the current fiscal year to complete.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, more than Rs 4.8 billion worth of foreign grants has been received, which is only 8.66 percent against target of foreign grants worth over Rs 55.4 billion. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">So far, over Rs 159 billion has been collected in income taxes against more than Rs 173 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Also, over Rs 88.06 billion has been raised in taxes so far against more than Rs 90.6 billion during the same period in the previous FY. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">As of now, more than Rs 84.1 billion has been collected in excise duties against over Rs 83.8 billion during the same period in the previous FY. -- RSS</span></span></span></p>
',
'published' => true,
'created' => '2023-05-15',
'modified' => '2023-05-15',
'keywords' => '',
'description' => '',
'sortorder' => '17600',
'image' => '20230515063714_budget new.jpg',
'article_date' => '2023-05-15 18:35:53',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '17869',
'hit' => '497'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117