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Showing posts with label Fiscal year of Nepal. Show all posts
Showing posts with label Fiscal year of Nepal. Show all posts

Sunday, July 16, 2017

Budget spending at the last hours: A question of efficiency for Nepali Government

As reported by the himalayan times this year the nepal government spent Rs 218.85 billion in the last month of fiscal year 2016-17, that is from mid-June to mid-July. The government spending was Rs 604.64 billion in the first 11 months of the fiscal, which rose to Rs 823.49 billion by the year-end. In between the 10th and 11th month, government spending rose by a whopping Rs 94 billion.The government’s development expenditure increased by two-fold in the last two months. Spending under development budget heading was Rs 90.24 billion by the end of the 10th month of the fiscal. Expenditure went up to Rs 120.1 billion by the end of the 11th month and surged to Rs 204.31 billion by the end of the fiscal year.

Every year the fiscal year of Nepal starts from Sharwan to Ashadh ( July to June) which is in the midst of the rainy season. Every year at the last hour millions of the budgeted amount is poured in various development projects blindly just for the sake of the budget being freeze or lapsed.
The money which should have been used for efficient  management of development work  always lack proper utilization and management in view of last hour. Whether you call it the lack of efficiency or lack of bureaucracy leadership and vision  the development works are forced in view of few months where every things is done.

It is really sad that how the public hard earned tax money is spent in view of the work. Public governance is zero at ground level where political leaders work for the political mandate,  bureaucracy work for their job performance only.  

Sad reality the money which should be spent efficiently and effectively is spent just for the sake of spending which highlights corruption and many other externalities.  

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