Sunday, June 4, 2017

NRA likely to spend only 50% of its annual budget

Kathmandu, June 3: Out of Rs. 142 billion allotted for the reconstruction of individual houses and other structures damaged in the devastating Gorkha Earthquake in 2015 for the current fiscal year 2016/17, the National Reconstruction Authority (NRA) is likely to spend only 50 per cent of the total budget.
Of the total budget, the reconstruction body had received the authorisation for Rs. 109 billion.
But the NRA said that it was unlikely to spend Rs. 28 billion out of authorised budget.
 “However, about 70 to 75 per cent of remaining Rs. 91 billion will be spent by the end of the current fiscal, July 15,” said NRA spokesperson Yam Lal Bhoosal.
According to him, as the house reconstruction process moved very slowly against the expectation of the reconstruction body, budget couldn’t be spent. Meanwhile, the reconstruction of the religious, cultural and historical heritages has remained sluggish.
The reconstruction process has remained so sluggish that only 544,996 families, in the severely hit 14 districts, have received the first installment of the house reconstruction grant out of total identified beneficiaries of 626,695.
Likewise, about 100,000 households have been listed as eligible to receive the grant in the moderately hit 17 districts.
The government had just finished the damage survey in those districts just a month ago, about 25 months after the devastating quake of 6.9 magnitude rocked the country.
Families in those moderately-hit districts are signing the grant agreement with the government.
According to the NRA statistics, by the end of May, construction of about 57,700 houses has started, 28,027 households have received the second tranche of the housing grant while 46,296 families have applied for the same.
So far, only 906 houses were approved for the third tranche of the grant out of 2,527 houses that applied for the final installment of the grant.
The reconstruction body stated that the construction of 27,444 houses was completed.

Finance Minister Krishna Bahadur Mahara has allocated Rs. 146.18 billion for the post-quake reconstruction for the next fiscal year 2017/18. 

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