KATHMANDU, Sept. 19 -- Every year when the government is busy preparing the annual budget, it faces pressure to allocate funds for the projects put forth rampantly by the lawmakers. This has led not only to the misuse of the state's financial resources, but also results in slow capital expenditure.

Finance Minister Janardan Sharma has pointed out the flaw in the government system that has impeded the country's development activities. "Almost every government has been found not abiding by certain standards while rendering priorities to the projects in the annual budget," said Sharma speaking at a program organized by the Institute of Chartered Accountants of Nepal on Friday.

The National Planning Commission (NPC), the body that recommend...