Kathmandu, Apr. 21:
Finance Minister Dr. Yuba Raj Khatiwada
on Sunday directed the secretaries of the development ministries to mobilise at
least two-thirds capital expenditure before mid-May.
He directed them to put additional
efforts to achieve the desired results in budget expenditure and achieve the development
targets.
"Do not show any excuse. Much work
can be done in a month," he
said while speaking at the Budget Review Meeting at the Ministry of Finance
(MoF).
According to him, the
foundation of the budget for the coming fiscal year 2019/20 will be determined
on the basis of the capital expenditure of the ministries by mid-May, and
budget will be allocated to them as per their work performance.
The government has spent
only 35.62 per cent capital budget and achieved 55.95 per cent recurrent
expenditure and 29.82 per cent financing.
The MoF has been saying that
the capital expenditure is higher than the figures as significant amount of
infrastructure projects is yet to be paid although the work has been completed.
Stating that there was a
trend to make payment by the end of the fiscal year just to earn a bad name for
the government, Finance Minister Dr. Khatiwada directed the secretaries to
immediately make the payment to the projects which were completed.
"The Finance Ministry
is ready to extend its cooperation and facilitate when required in this regard.
Respective agencies will be accountable if the payment of the bills submitted
is not made in time," he said.
He assured the ministries
that the MoF would provide additional budget if required.
The Finance Minister pointed
towards the need to classify the projects as per the changed political
structure and urged the officials not to include the projects without Detailed
Project Report (DPR).
He also directed the
secretaries to propose budget for the multiyear projects only after getting
approval from the National Planning Commission (NPC).
Published in The Rising Nepal daily on 22 April 2019. 
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