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Showing posts with label Finance Ministry. Show all posts
Showing posts with label Finance Ministry. Show all posts

Wednesday, March 1, 2017

What a Joke: only 11 % of budget finished after 8 months



It has been reported that only 11% of the total budget that was allocated for the fiscal year 073/74  has been released for various development work.

This year  the Nepal government had  raised the salary of civil servants by 25 per cent in the next fiscal year which increase the total salary amount  by 26.9 per cent to NRs 132.3 billion. The government had plans to spend NRs 140.7 billion in post-quake reconstruction and rehabilitation.

Similarly, NRs 10 billion has been allocated for the construction of the Kathmandu-Tarai Fast Track ; Gautam Buddha Regional International Airport had allocated NRs 7.2 billion; NRs 5 billion had  allocated for Pokhara Regional International Airport; NRs 4.2 billion had  allocated for the  construction of Postal Highway; and NRs 1.50 billion  for construction of Second International Airport at Nijgad.

It is really shocking that after 8 months the only budget spent is only 11% of the total forecast.  so what is the problem?

The Nepal government priority is only government overhead cost which include salaries and other daily operation cost only, other than that are just merely expenses which are adjusted and managed creating overheads.  Below are the problems listed:


1. Lack of clarity of planning and operation
2. Finance Ministry of Nepal lack of efficiency
3. Leader of Nepal Fail to raise the problems in Parliaments
4. Huge gaps in between bureaucracy and leadership
5. high level frustration in Bureaucracy
6. Lack of Open government
7. Lack of clarity in core values
8. Orthodox management and operation process
9. No accountability to public governance


Apart from this reality is Nepal's political culture focuses more towards party politics than nation first ideology. In every sector people are bound to suffer due to lack of public governance. From government services to facilities to tax system, Nepal government has created a complex system of  orthodox and prejudice values where political leaders are creating unwanted situation and  political chaos which is not hidden. Corruption, favoritism, nepotism and minority quota has become political agenda and political agenda.



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