The government’s income and expenditure remained weak during the first five months of the current fiscal year (FY 2024/25). By mid-December, the government had collected 28% of its annual revenue target and spent approximately 30% of the allocated budget, according to data from the Financial Comptroller General Office (FCGO).

Development expenditure has been particularly low. Out of the Rs 352.354 billion allocated for capital expenditure this fiscal year, the government has spent only Rs 40.806 billion, or 11.58%, by mid-December.

Spending under current expenses reached 31.87% of the allocation during the same period. The government has allocated Rs 1140.664 billion for current expenses this year, of which Rs 363.551 billion has been utilized so far.

Expenditure under the financial management heading, which primarily covers repayment of principal and interest of public debt, stood at 41.32% of the annual target. The government has allocated Rs 367.284 billion for this purpose, and Rs 151.76 billion has already been spent.

On the revenue front, the government collected Rs 405.773 billion, or 27.57% of the annual target, by mid-December. The revenue collection target for the fiscal year stands at Rs 1471.63 billion.

Meanwhile, the government has yet to receive any foreign grants, despite setting a target of Rs 52.32 billion for this fiscal year.