Next budget to focus on accomplishing incomplete projects: PM « Khabarhub
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Next budget to focus on accomplishing incomplete projects: PM

23 January 2024  

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KATHMANDU: Prime Minister (PM) Pushpa Kamal Dahal ‘Prachanda’ has said the upcoming fiscal year budget will focus on accomplishing incomplete projects arguing that conventional policy, program and budget will not address the problems.

At a meeting held at the Office of Prime Minister and Council of Ministers (OPMCM) today as preparation for the upcoming year’s policy, program and budget, Prime Minister Dahal directed the subordinate authorities to make necessary preparations for completing the unfinished projects.

The Prime Minister drew the attention of the Ministry of Finance and National Planning Commission to be serious about the trend of leaving old plans in limbo and adding new ones, which has resulted in weak performance and a waste of huge resources.

“Development should be planned. There is a practice of demanding development without feasibility study and utility,” he said.

“It is unfortunate that there prevails lack of ownership, deficit of resources and freezing of appropriated budget. We should rise above the situation. All efforts should be put to complete unaccomplished projects,” he added.

Though economic indicators are positive, they are not yet free from pressure, PM Dahal added. There are several anomalies in development works, he said, adding, “Let us rise above the conventional mindset and working style.

Plans should be selected not to appease one and all but to accomplish the task of prosperity. There should be ‘breakthrough’ this time”.

At the meeting, Finance Minister Dr Prakash Sharan Mahat underlined the need of keeping austerity measures in view of shrinking revenue collection.

Publish Date : 23 January 2024 19:11 PM

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