KATHMANDU, Feb. 7 -- The government has identified ten reasons contributing to the lower-than-expected public expenditure. Thursday's mid-year budget review from the Ministry of Finance noted problems with budget allocation, specifically that insufficient vetting occurred before funding was allocated.
Additionally, the report pointed out that budget allocation continues for projects where processes like land acquisition, compensation determination and distribution, and environmental clearances are incomplete. This has hindered the expected improvement in public expenditure.
The ministry further noted that failure to propose budgets based on detailed project reports, total costs, construction modalities, and objective evaluations of econ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.