Fiscal year 2010/11 - Poverty Alleviation Fund, Nepal

11) were Rs.5.78M, Rs. 247.32 M, Rs. 493.50 M, Rs 1,210.30 M, Rs. 1,875.48 M, Rs. 1,647.20 M, Rs. 2,481.5 M and 2601.28 M respectively.
Total expenditure of PAF till FY 2010/11is Rs. 10,561 M. Out of the total PAF expenditure of Rs. 10,561 M till FY 2067/68 (2010-11), 94.12 per cent
was in Program Implementation through CO & PO (CO-77.98 per cent & PO - 16.14 per cent), 2.05 per cent in Monitoring, Training, Studies and Other
Program Support, 0.55 per cent in capital investment for PAF and 3.28 per cent in PAF operation/ recurrent cost. The details are provided in Annex 16.
Out of the total PAF expenditure up to FY 2067/68 (2010/11), 93.52 per cent is from IDA (International Development Agency- the World Bank) grant,
2.21 per cent is from IFAD (International Fund for Agriculture Development) grant and the rest 4.26 per cent from GoN (Government of Nepal) source.
chart 30: Number of Sub-projects
Monitoring, Training,
Studies and Other
Program Support
2.05%
Capital Investment
0.55%
Operation/
recurrent cost
3.28%
Program Implementation
through CO & PO 94.12%
(CO 77.98, PO 16.14)
In this FY 2067/68, total expenditure is NRs. 2,60,12,83,022.25 which is 85.59 per cent of total budget of NRs.3, 039,166,000. Expenditure Trend is
as follows:
Table 19 : Expenditure Trend
Activities
FY-2067/68 Expenditure
As of FY-2067/68 Expenditure (Cumulative)
Amount in Nrs % Amount in Nrs %
Programe Cost 2,466,199,122.73 94.81 9,941,161,835.34 94.12
Operating Cost 95,107,597.62 3.66 345,925,336.61 3.28
Capital Cost 369,821.20 0.01 57,877,128.90 0.55
Training Workshop/Consultancy Cost 39,606,480.75 1.52 216,967,416.67 2.05
Total 2,601,283,022.30 10,561,931,717.52
In FY 2010/11 (067/068), the annual budget was estimated to be Rs. 3,039,166,000.00. Out of which 3.28 per cent was provisioned under recurrent
cost and the rest 96.72 per cent was under program and capital cost. The expenditure details for FY 2067/68 is provided in Annex 17. Also, PAF
unaudited financial statement and project account for the reporting year is provided in Annex 21 and 22.
Currently the PAF Project II is funded by IDA Grant with US$ 100m and IFAD Grant of US$ 4m for four years till January 2012. IDA disbursement to this
PAF II project till date is 98.49 per cent (as advance) i.e. equivalent to about US$ 98.49m. IFAD disbursement to PAF till date is US$ 2.29m. The details
of PAF II project achievment and expenditure status are shown in Annex 18, 19 and 20.
Recently, IDA hs agred to providd additional finacing of US$ 75 M (out of which US$65 M is from IDA grant and US$ 10M grant is from FPCRTF) for
PAF II project.
IDA grant for PAF Project I of US$ 40 M (Initial US$ 15 M and Additional US$ 25 M) has been made utilised by January 2009.
36 ANNUAL PROGRESS REPORT (2010/2011)