Nepal | January 16, 2021

Ministries asked to submit details of projects

Himalayan News Service
Share Now:

Kathmandu, February 3

The National Planning Commission (NPC) — the apex body that frames the country’s development plans and policies — has asked all ministries to submit the details of ongoing projects and new projects to be incorporated in the budget for the upcoming fiscal year 2020-21 within February 27.

NPC has sought project details for the upcoming fiscal budget based on the provision of Financial Procedure and Fiscal Accountability Act, 2019, which delegates the authority to the apex planning body of the government for assessment, pre-evaluation (appraisal) and examination of the projects and programmes and their concurrence for execution at the federal level through establishment of the project bank on the basis of various analytical approaches, including cost-benefit analysis.

Moreover, the legislation states that only projects approved and authenticated by NPC and included in the project bank will be incorporated in the budget. NPC plans to start implementing the ‘project bank’ concept from the upcoming fiscal budget and details of projects to be included in the budget have been sought from ministries accordingly, informed Sushil Bhatta, an NPC member.

The commission plans to make the project bank fully functional by 2022-23.

“Implementation of this concept in a full-fledged manner will discourage the tendency of incorporating pork barrel projects in the budget. We will start its implementation from the budget for upcoming fiscal year itself,” said Bhatta.

Along with this, implementation of the project bank concept will also ensure good governance, enhance decision-making and credibility of development projects, resulting in desired outcomes from public expenditure in development projects, opined Bhatta.

As per standards set by NPC, projects to be incorporated in the project bank will have to pass three different stages — project identification, project appraisal and project selection and prioritisation.

The project identification process involves five steps — idea generation, strategic fit assessment, preferred option selection, pre-feasibility study and project concept note.

Following the approval of the project concept note by NPC, line ministries are required to conduct feasibility study and/or detailed project report (DPR) for establishing project viability, which is done through the project appraisal process. The final output of this stage is project proposal of each individual project.

Project appraisal is a structured way of assessing a project to check its viability and to establish the justification of the project for allocation of resources it demands for implementation.

The third stage that a project must pass to be incorporated in the project bank is the project selection and prioritisation. This final stage is an important and crucial stage in project portfolio management to ensure allocation efficiency in development plans. This stage establishes a strong linkage of projects with sector development strategies and their integration in the national development plans. This integration requires prioritisation of projects on the basis of their contribution to national development and their selection based on available resources.

“Implementation of the project bank will not only be important in discouraging pork barrel projects but will also help expedite project construction and development activities,” added Bhatta.

NPC plans to implement ‘project bank’ concept through the next fiscal budget

A version of this article appears in print on February 04, 2020 of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

First Arab Ama Dablam Expedition makes successful attempt on Thursday

KATHMANDU: A team from Seven Summit Treks ‘First Arab Ama Dablam Expedition’ comprising Qatari climber Fahad Badar, Sherief Elabd from Eygpt and Nadhira Al Harthy from Oman have attempted Mt Ama Dablam (6812 m) on January 14. The winter ascent to Ama dablam consisted of at least 14 climbers w Read More...

Biden unveils $1.9T plan to stem COVID-19 and steady economy

WILMINGTON, DELAWARE: President-elect Joe Biden unveiled a $1.9 trillion coronavirus plan Thursday to end “a crisis of deep human suffering” by speeding up vaccines and pumping out financial help to those struggling with the pandemic’s prolonged economic fallout. Called the “American Read More...

Mobile data users abandoning Ncell for NT

KATHMANDU, JANUARY 14 Mobile data users in the country are increasingly abandoning Ncell and subscribing state-owned Nepal Telecom. At least that is what the data compiled by Nepal Telecommunications Authority reveals. According to the Management Information System of NTA, 60 per cent of the t Read More...

Rival NCP factions hold standing committee meetings

KATHMANDU, JANUARY 14 Nepal Communist Party (NCP) led by Pushpa Kamal Dahal and Madhav Kumar Nepal held its Standing Committee meeting and discussed ways to effectively carry out its protest programme against dissolution of the House of Representatives. NCP (Dahal-Nepal) Spokesperson Naryan Ka Read More...

Security personnel of Khotang District Police Office destroy cannabis planted illegally by the locals in Durchim VDC of Khotang district on Monday, December 21, 2015. Photo: RSS

Cops intensify drive to destroy cannabis, opium plants

KATHMANDU, JANUARY 14 Nepal Police destroyed cannabis and opium plants cultivated in a large swathe of land across the country in the fiscal year 2019-20, according to an annual report recently released by the Ministry of Home Affairs. According to the report, cannabis plants being cultivated Read More...

WHO supports member countries to end COVID-19 pandemic

KATHMANDU, JANUARY 14 Member countries in the World Health Organisation South-East Asia Region are gearing up for massive vaccination campaigns in a bid to end the COVID-19 pandemic. The WHO South-East Asia Region has 11 member countries — Bangladesh, Bhutan, Democratic People’s Republic o Read More...

Bhattarai calls for decisive agitation

DAMAULI, JANUARY 14 Janata Samaj Party-Nepal Federal Council Chairperson Baburam Bhattarai has stressed the need of a decisive struggle to protect democracy and the constitution. Accusing Prime Minister KP Sharma Oli of putting the constitution and democracy at risk by dissolving the Parliamen Read More...

Locals protest East-West Railway survey

BARA, JANUARY 14 The locals have protested a survey of the East-West Railway in Bara. The locals were up in arms after a survey was done affecting the main settlement in the bazaar area of Nijgadh Municipality. According to the survey team Incharge Suraj Poudel, the locals impeded the d Read More...