Thursday, January 2nd, 2025

Govt issues 73-point guideline for budget enforcement


17 July 2024  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: The government has issued 73-point guidelines for the enforcement of the budget.

The guideline is for the directive to all ministries, provinces, and local governments.

The Finance Ministry made public the circular that has aimed at frugality in budget spending and effectiveness.

Authority of budget spending, approval of project and allocation, project handover and enforcement, budget transfer, amendment and reporting, fiscal transparency, accountability, and monitoring are the agenda included in the guidelines.

As per the circular, the government bodies which have been allocated the budget for its implementation in partnership, should inform the Finance Ministry and related Comptroller’s Office of the share of the budget and expected results.

Similarly, work procedures for budget implementation should be prepared within this month.

The work procedure should be updated in website within a week after its endorsement.

In case of the work procedure requiring long-term liability, approval from Finance Ministry is made mandatory.

Adoption of two shift work has recommended for the projects of national priority.

Chief of project should be elected based on internal competition for the effective enforcement of project.

Criteria should be made to discourage the transfer of employees assigned as chief of the project during the project term.

But, those failing to score adequate mark in performance evaluation would not be spared.

Any works that are not included in budget must not be entertained.

Finance Secretary Madhu Kumar Marasini informed that the guideline would be useful to meet the liability incurred at the end of the fiscal year.

RSS

Publish Date : 17 July 2024 20:34 PM

Suryadarshan Cooperative fraud case: Complainants’ testimony continues, set to continue on Friday

POKHARA: The testimony of the complainants in the Suryadarshan Cooperative

PM Oli meets former President Bhandari amid rising intra-party tensions

KATHMANDU: As discussions of alternative leadership within the CPN-UML gain

Kyrgyzstan, Lebanon and Myanmar to compete in women’s football tournament in Nepal this February

KATHMANDU: Nepal is set to host a four-nation international women’s

Manang sees surge in foreign tourist arrivals

KATHMANDU: Manang, a popular destination for trekkers and nature lovers,

Maoist Center concludes Nepal is becoming a geopolitical battleground

KATHMANDU: The opposition CPN (Maoist Center) has concluded that Nepal