Kathmandu, Sept. 6
The Ministry of Finance (MoF) has written to the relevant ministries
and concerned agencies to proceed with the multi-year contract agreements only
after prior consultation with the former.
Mahesh Bhattarai, Spokesperson for the MoF, informed that
the Ministry has made correspondence with various ministries and agencies to
make the budget implementation and resource management effective for the
current Fiscal Year 2024/25.
The Finance Ministry has also requested to prepare a list of
high-priority projects with immediate results and a relatively high allocation
of funds before asking for a multi-year contract agreement this year.
Similarly, it requested them to provide the details of the
projects and the amount of obligation, which went through the multi-year
procurement process in the last Fiscal Year 2024/25, and the liability of funds
it will create in the next FY 2025/26.
In the correspondence, the ministries should mention the
percentage of the amount that would remain as the liability under the
medium-term expenditure framework for the next year.
The MoF has also asked for the details of the projects
completed in the last fiscal year, funds allocated if the budget was frozen or
the request for transfer of funds was made to the MoF but no decision was
taken, payment liability created due to the non-inclusion of the said projects
and programmes in the budget of this year and the details of the resources that
can be managed, have been prepared for and available.
The ministries have also been asked to suggest alternatives
for the budget transfer from the projects of the current year in case of
insufficient budget for the projects, programmes and activities that were included
in the budget of this year.
Similarly, for the projects and programmes included in the
annual budget of 2024/25 and preparation of which is not completed, have
received a very small amount of funds against the cost and are not possible to
be implemented, the ministries should submit the details of them and halt their
execution.
Published in The Rising Nepal daily on 7 September 2024.
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