Large projects publishes budget guidelines

 Kathmandu, Mar. 15

The Ministry of Finance has urged the ministries not to propose any project costing higher than Rs. 500 million, which are not included in the National Project Bank.

Publishing the main guidelines for the budget of the next Fiscal Year 2021/22, Minister for Finance Bishnu Prasad Paudel has asked the ministries to make sure that the medium and large projects must be included in the NPB maintained by the National Planning Commission.

Likewise, the programmes and projects that were given consent for mandatory liability and resources should be given priority. If space remains in the given ceiling, the ministries could add other programmes.

The MoF suggested that the budget must be prepared on the basis of Mid-Term Expenditure Framework and results indices should be clearly spelled. Expenditure activities should be included in the budget.

Large and strategic projects should be accorded high priority and projects without preparedness should not be allocated budget, said the ministry.

It also said that the work performance of the current fiscal year would also be considered while allocating budget to the proposed projects.

At the meeting attended by the chief secretary, secretaries and members of the NPC, the Finance Ministry said that priority should be given to the programmes of economic rehabilitation and employment generation, continuation of large infrastructure projects, development of agriculture, continued investment in social development, provincial balance and sustainable development goal.

 Published in The Rising Nepal daily on 16 March 2021.