The Prime Minister\u2019s Office developed an app that monitors and evaluates various ministries projects.<\/p><\/blockquote>\n
As per the app, Ministries with above 80 percent progress rating get a green signal, 80-50 percent get a yellow signal and below 50 percent- red signal indicating their failure to achieve progress.<\/p>\n
\u201cI do not expect any red signals,\u201d Prime Minister<\/span> Oli<\/span> said.<\/p><\/blockquote>\nPoor Capital Expenditure<\/strong>
\nThe government expressed displeasure with Nepal\u2019s capital expenditure status in the first four months of FY 2018-19 after it was criticized for poor performance.<\/p>\nAccording to Finance Minister Yubaraj Khatiwada, about 19 percent of the capital budget was spent in the given period, which was close to 39 percent in the same period, last year.<\/p>\n
\u201cAlthough capital expenditure has increased, we are still not satisfied,\u201d he said after a meeting with ministers and secretaries of development-related ministries today at the Office of Prime Minister and Council of Ministers.<\/p>\n
\u201cSince the capital expenditure in the first four months of the last fiscal was poor due to elections, the 39 per cent increase in expenditure this year was not satisfactory,\u201d Khatiwada<\/span> added.<\/p><\/blockquote>\nTo address this, Khatiwada said that the government is planning to address all obstacles capital expenditure by mid-December and achieve the targeted expenditure by the end of FY 2018-19.<\/p>\n
Khatiwada added that his ministry would not entertain funds demands from various sectors. \u201cWe shall only address rational demands,\u201d Khatiwada said.<\/p>\n
Nepal lawmakers and political leaders were depending on funds from the finance ministry to implement their pet projects in their respective constituencies.<\/p>\n
Khatiwada shared, ministries also seek additional budget despite being unable to spend the allocated budget. \u201cThis should be discouraged, we should not allocate funds to programs that have not been included in the annual budget announcement. It will not be fair to taxpayers and donors,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nepal PM KP Oli Sharma has called a special meeting of ministries and secretaries following a…<\/span><\/p>\nRead more<\/a><\/div>\n<\/p>\n","protected":false},"author":761,"featured_media":13815,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10004,3],"tags":[10644,8258,1265,7969,10530,6925,1076,9776,946,10534,10531],"yoast_head":"\n
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