Classification of Municipalities vis-à-vis progress : MoFALD review

KATHMANDU:  The Federal Affairs and Local Development Ministry has spent 3.54 per cent out of total allocated budget for capital expenditures in the first quarter of the current fiscal year.

In a fiscal year progress review meeting organised on Sunday, the Ministry also informed that the current expenditures stand at 15.2 per cent of the total allocated budget.

Speaking on the Occasion, State Minister Janak Raj Chaudary said that the three tiers of elections and administrative transitional phase hindered capital spending during the first four months.

“The capital expenditure must be spent during the upcoming months on high quality infrastructural development,” Chaudary said.

According to Member at National Planning Commission, Sunil Babu Shrestha, the low levels of capital expenditures portray an unpleasant scenario of infrastructural development.

“Public satisfaction must be considered as an indicator of progress, infrastructural development must be carried out prioirtising agriculture, energy, infrastructure, tourism and urban development,” Shrestha said, “ The 293 municipalities must be classified in accordance to infrastructural and other development works."

According to Shrestha, NPC has set an economic growth target of 7.2 per cent in the current fiscal and 7.9 per cent in the next fiscal year respectively.