Kathmandu, March 6
The National Planning Commission (NPC) and Ministry of Finance (MoF) held a discussion with various ministries to propose only implementable and effective programmes for next fiscal’s budget considering weak performance in implementing budget since last few years.
Owing to lack of effective utilisation of resources allocated under the development budget related to physical works and productive capacity enhancement, the country has been witnessing retarded growth and failing to address structural problems like low productivity, huge trade imbalance, lack of employment opportunities, among others.
During the discussions with stakeholder ministries held today, the MoF has asked the former to submit proposed programmes through Line Ministry Budget Information System (LMBIS). Through the web-based LMBIS system, the ministries have been asked to submit the procurement plans as well. Based on the submissions, the NPC and MoF will organise a series of discussion with each ministry regarding each project.
“Thereafter, we will allocate resources only for projects that have completed the ground works for implementation like drawing, designs, detailed project report, guidelines and other prerequisites to implement the particular project,” said Madhu Kumar Marasini, chief of the Budget Division under MoF.
As per MoF, it has been preparing to shorten the procedural steps for approval of central-level projects. “On the basis of Financial Procedure Rules 2007, NPC has been approving the central-level projects but with the LMBIS already in place, there is no rational for requiring the programmes to be approved again,” said Marasini, adding, “We will include the provision in Appropriation Bill of next fiscal stating programmes and procurement plans of central projects that have been green-lighted through LMBIS would not need to be approved again.”
This will finally skip the reapproval process from the NPC because all the programmes in LMBIS are finalised from the tripartite meeting among NPC, concerned ministries and MoF.
MoF has asked the ministries to propose the projects and programmes based on the given budget ceiling for next fiscal. The resource committee led by vice chairman of NPC has given ceiling of Rs 1,156.04 billion for next fiscal. This ceiling can vary slightly if government announces another two layer elections — province and central levels — and any programme for state restructuring, as per officials.
Top 10 budget recipient ministries
|Ministry of Federal Affairs and Local Development||Rs 129.34bn|
|Ministry of Education||Rs 125.38bn|
|Ministry of Physical Infrastructure and Transport||Rs 95.21bn|
|Ministry of Home Affairs||Rs 55.31bn|
|Ministry of Health||Rs 46.05bn|
|Ministry of Defence||Rs 45.24bn|
|Ministry of Agricultural Development||Rs 30.58bn|
|Ministry of Irrigation||Rs 29.61bn|
|Ministry of Urban Development||Rs 27.92bn|
|Ministry of Water Supply and Sanitation||Rs 26.70bn|
A version of this article appears in print on March 07, 2017 of The Himalayan Times.
GAIGHAT: A man has murdered his wife after consumption of alcohol in Rautamai Rural Municipality-8 of Udaypur district, on Monday. The deceased has been identified as Dil Maya Tamang, 43, of the Rural Municipality. According to Superintendent of Police (SP) Bir Bahadur Budha Magar at the Distr Read More...
KATHMANDU: The Ministry of Health and Population (MoHP), in its regular press briefing, shared the latest updates from across the country on government’s response to COVID-19 crisis. As of today, 51,642 tests through Polymerase Chain Reaction (PCR) method and 95,192 Rapid Diagnostic Tests Read More...
KATHMANDU: Twenty-five persons earlier diagnosed with the coronavirus infection, admitted at different health facilities across the country, have been discharged following recovery, confirmed the Ministry of Health and Population (MoHP). Eighteen persons of Chhapkaiya in Parsa district -- all of Read More...
KATHMANDU: The National Planning Commission (NPC) and Nepal Policy Institute (NPI) held the first meeting in the series of NPI-NPC Policy Dialogue post COVID-19 via Zoom conference. Several experts from NPI Global experts community of Nepali origin and NPI Board members based in South East As Read More...
KATHMANDU: Big Hit Entertainment, the music label of K-pop band BTS, said on May 25 that it has acquired Pledis Entertainment that manages NU'EST and Seventeen, as part of efforts to diversify its business portfolio. Quoting Big Hit statement, The Korea Herald stated: "We've become the larges Read More...
BIRGUNJ: Forty-three patients, including two journalists, undergoing treatment at the Birgunj-based Narayani Hospital for COVID-19 have been discharged following recovery, on Monday. According to the hospital's medical superintendent Dr Madan Upadhyay, the patients were discharged today after Read More...
BERLIN: Borussia Dortmund has to beat Bayern Munich on Tuesday if anyone is to have a realistic chance of stopping the seven-time defending champion from claiming yet another Bundesliga title. “This game will be decisive. If we lose, it’s more or less over,” Dortmund defender Raphaël Guerr Read More...
KATHMANDU: Prime Minster KP Sharma Oli has addressed the nation regarding the latest COVID-19 situation in the country, and the corresponding prevention and control measures adopted by the government. The Prime Minister stated that at a time when the whole world is reeling under the impact of cor Read More...