Nepal | July 16, 2020

Spending on low priority projects halted

Finance minister under pressure to manage resources to combat novel coronavirus

Himalayan News Service
Share Now:

Kathmandu, April 3

The Ministry of Finance, which is under pressure to manage resources for containing the spread of coronavirus in the country, has barred government agencies from haphazard spending and expenditure on low priority projects and programmes.

Issuing a circular to ministries and government agencies yesterday, the MoF directed them to halt budget spending under 14 different headings.

MoF has barred spending of budget on purchasing vehicles, machinery equipment, furniture, consultancy services, land acquisition, software development and purchase.

Similarly, agencies have also been asked to halt capital budget spending on staff training, programmes, skill development and awareness activities, monitoring and other activities of low importance.

“As the prime responsibility of the country today is to prevent the spread of coronavirus, it requires huge resources. Thus, government agencies have been asked not to spend budget except for essential purposes,” said Uttam Kumar Khatri, spokesperson for MoF.

Ministries and government agencies have also been asked to postpone programmes announced in the budget. The intention behind such direction is to use budget allocated for such comparatively less important programmes for containing the spread of coronavirus, if necessary, say MoF officials.

“Budget allocated for aforementioned headings will be mobilised for other high priority sectors if required,” added Khatri.

However, MoF has clarified that budget will be available to clear all liabilities created till April 2 of all programmes and projects.

The spread of coronavirus is expected to hit Nepal’s economy and budget spending and the entire growth rate for this year. Today, the Asian Development Bank projected that Nepal’s economy would slow down to 5.3 per cent (at market prices) in the ongoing fiscal year, down from 7.1 per cent a year earlier.

With an aim to launch initiatives against the spread of the coronavirus, the government has also formed a COVID-19 Fund. So far, different government agencies and the private sector have contributed more than Rs 1 billion to the fund.

The government has also prepared a working guideline to mobilise the resources collected in the fund. According to the guideline, resources collected in the fund will be mobilised for both government and non-government agencies working to prevent the spread of coronavirus and even private sector bodies, including the private hospitals.

A version of this article appears in e-paper on April 04, 2020 of the Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Nepali photo-journalists condemn unprofessional behaviour of media houses during crisis

KATHMANDU: Photo Journalist Club (PJC) and National Forum of Photo Journalists (NFPJ) have condemned the attitude of media houses failing to provide professional security to working photo-journalists amid the ongoing COVID-19 pandemic. On Wednesday, PJC and NFPJ jointly issued a press release sta Read More...

Twitter

Twitter silences some verified accounts after wave of hacks

SAN FRANCISCO - Multiple high-profile Twitter accounts were hijacked on Wednesday, with some of the platform's top voices - including U.S. presidential candidate Joe Biden, reality TV star Kim Kardashian, former U.S. President Barack Obama and billionaire Elon Musk, among many others - used Read More...

2.36 million Nepalis scared of losing home or land

KATHMANDU, JULY 15 Around 2.36 million adult Nepalis expect to be forced out of their homes against their will in the next five years, a ground-breaking study has shown. Nepal’s scorecard, however, is relatively better than the global average, in which about one in five adults (19 per cent) Read More...

High-profile twitter accounts hacked in Bitcoin scam

KATHMANDU: In an episode of a very conspicuous security breach on a social media site, a wave of high-profile Twitter account hacks to offer fake Bitcoin deals sent alerts flying in the wee hours Thursday. The official Twitter accounts of billionaires Bill Gates, Elon Musk and Jeff Bezos were h Read More...

Armed Police Force Senior Superintendent of Police held on rape charge

POKHARA, JULY 15 Police today arrested an Armed Police Force Senior Superintendent of Police on the charge of raping a woman in Kaski. Acting on the complaint of the victim, a police team led by Superintendent of Police Jevan Kumar Shrestha of Kaski District Police Office arrested SSP Rajendra Read More...

Twitter Hack Update: Coordinated social engineering attack, says Twitter

KATHMANDU: Multiple high profile Twitter accounts were hacked in the wee hours of Thursday morning, soliciting Bitcoin donations. Accounts of millionaires, US politicians, musicians and corporations were compromised in the crypto currency scam. Initially, Twitter prevented at least some verifi Read More...

PM Oli's Ayodhya claim ends possibility of talks with India: Nepali Congress VP

KATHMANDU: Nepali Congress Vice-president Bimalendra Nidhi has termed Prime Minister KP Sharma Oli’s claim that Thori village in Parsa is the real Ayodhya and the birthplace of Lord Ram baseless, irrelevant and objectionable. Nidhi said both Hindus and non-Hindus accepted from time immemorial t Read More...

DoA to undertake research on Lord Ram’s birthplace

KATHMANDU, JULY 15 The Department of Archaeology has said it would begin archaeological studies on the possibility of Lord Ram’s birth place being in Nepal, following Prime Minister KP Sharma Oli’s recent statement that the Hindu god was born in the Himalayan country. Damodar Gautam, Direc Read More...