Tag Archives: Budget

Spend budget sufficiently on time: Mahat

Finance Minister Dr Ram Sharan Mahat today directed secretaries of different ministries to sufficiently spend the allocated budget on time to get the desired result. Addressing the secretaries at the Finance Ministry, he urged them to make the ‘Budget Implementation

Nepal could lose funding, ADB warns

Asian Development Bank (ADB) today warned of cutting off the funds, if the government doesnot increase efficiency in spend on development projects. Addressing Tripartite Portfolio Review Meeting – between ADB headquarter, Nepal Resident Mission and governmet – director general Hun

UML forms team to discuss on budgetary dispute with NC

One of the coalition partners CPN-UML has formed a three-member talks team to negotiate on disputed issues on budget with the Nepali Congress (NC). The standing committee meeting of CPN-UML held at the Parliamentary Party Office in Singha Durbar today

Empty house discusses budget

Lawmakers today criticised the budget for the next fiscal year 2015-16 presented by finance minister Dr Ram Sharan Mahat in the House yesterday. Taking part in the discussions on the estimated statement of income and expenditure for the next fiscal

Budget focuses on economic revival, implementation challenging: Mahat

Finance Minister Dr Ram Sharan Mahat asserted that budget for the next fiscal year 2015-16 is focused on economic recovery and reconstruction but also accepted that full implementation is a challenging task. The fiscal policy will help economic recovery and

Budget draws mixed reactions

The budget has received mixed reaction from the political parties and business community Some political parties and entrepreneurs welcomed, whereas others critisised the Rs 819.47 billion budget presented by finance minister Dr Ram Sharan Mahat yesterday. Former finance minister and

Civil servants disappointed with budget

Government employees are disappointed as they did not get their perks hiked, according to their demand and government’s promise. They had demanded at least 10 per cent hike in their pay. Nepal Civil Servants Association president Punya Prasad Dhakal showed

Finance minister unveils post earthquake reconstruction budget of Rs 819.47 billion

Finance Minister Dr Ram Sharan Mahat today presented a post-disaster reconstruction budget of Rs 819.47 billion for the next fiscal year 2015-16. Presentation the budget at the Legislature Parliament, Mahat said that budget for the next fiscal year is 32.6

Government to present budget for next fiscal year on July 14

The government is going to present the budget for the next fiscal year 2015-16 on Tuesday. Finance secretary Suman Sharma confirmed that finance minister Dr Ram Sharan Mahat is presenting the budget for the next fiscal year in the Legislature-Parliament

UCPN-Maoists seeks national budget

The UCPN-Maoist has called for a national budget, breaking the trend of traditional one, to address the issues of Nepali people as a whole. A Parliamentary Party meeting of the UCPN-Maoist held today morning deiced to ask the government to

Budget to focus on reconstruction: Finance minister Mahat

The government is focusing on reconstruction in the next fiscal year’s budget. The government is all set to prioritise economic dynamism, rehabilitation and reconstruction of quake-ravaged structures, promotion of good-governance, development of energy, and modernisation of agriculture sector in the

Former finance ministers suggest prioritising agro, job creation and rebuilding

Former finance ministers and lawmakers today suggested the incumbent finance minister Dr Ram Sharan Mahat to give more priority to agriculture sector, creating jobs for the youths and rebuilding of damaged infrastructures – caused by the devastating earthquake of April

Revenue collection falls due to earthquake

As expected, the government missed its revenue mobilisation target by Rs 16.38 billion in the 10th month of the current fiscal year due to earthquake. The government had planned to mobilise Rs 329.31 billion by mid-May but it has been

Budget to shift focus to reconstruction, also to cross ceiling

The government – in the next fiscal year’s budget – is going to shift its priority to reconstruction, after the devastating earthquake on April 25. The government will have to add rescue, relief, reconstruction and rehabilitation in the next fiscal

Next budget to focus on reconstruction

The government is adding new dimension in the next fiscal year’s budget apart from concentrating more on reconstruction. The next fiscal year’s budget will focus on reconstruction as the earthquake on April 25 damaged lost of infrastructure including roads, buildings

Recurrent expenditure ‘higher than tax revenue’

Tax revenue is inadequate to meet the country’s recurrent expenditure despite a surge in revenue mobilisation in recent years, according to Asian Development Bank (ADB). “The ballooning recurrent expenditure is a matter of serious concern,” said the ADB’s Macro-Economic Update

Next periodic plan to frame road-map to graduation from LDC

Finance Minister Dr Ram Sharan Mahat today said that the next periodic plan will frame policies to facilitate graduation of the country to Developing Countries from the current status of Least Developed Countries (LDCs). Addressing local development partners meeting, here

Government plans feasibility study for chemical fertilizer plant

The government plans feasibility study to establish a chemical fertilizer plant in Nepal. Investment Board of Nepal is inviting Expression of Interest from interested national and international parties to conduct feasibility study to establish $1 billion ammonia and urea fertilizer