back
mega bank Ad
Hero Ad

Parliament passes Appropriation Bill

KATHMANDU. A history of sorts has been created in Nepal’s budgetary process with government having the authority to spend for the next fiscal year-several days before it begins-for the first time since 2000. Parliament on Saturday approved the Appropriation Bill, avoiding the need to bring a Cash Advance Bill that had become a regular feature of Nepal’s budgetary process, which has often been marred by political wrangling and obstruction of budget session.

The biggest positive effect of this timely approval of the bill would be on the development spending, as ministries and departments can begin early procurement process of goods and services to implement development plans.

This is likely to help expedite the development spending that has even in the best of times have hovered below 80 percent.

“Development spending was quite high in 2000 when the budget was approved on time,” said former finance secretary Rameshore Khanal. “This should have a positive impact if detailed plans of new programmes are approved on time by the National Planning Commission.”

Timely appropriation accompanied by a new simplified Public Procurement Act could create a favourable environment for development spending, said Khanal. “But for that to happen, procedural delays should be overcome in the tender and procurement process and competent individuals as project chiefs in key infrastructural project should be hired,” he added.

Gopi Nath Mainali, Joint Secretary at the National Planning Commission, however, has a cautious optimism.

“We will approve the detailed spending plan of the new programmes on time for the implementation for the next fiscal year when the ministries make those submissions,” Mainali said. “But this is where we could see some delays from the ministries.”

The timely approval of the Appropriation Bill has largely been attributed to a mandatory provision in the new constitution that has fixed May 28 as the date for budget presentation in Parliament.

The government presented Rs 10.48 trillion budget for the fiscal year 2016-17 in May.

 

The Kathamandu Post, 10 July 2016, 8.00

वि.सं.२०७३ असार २६ आइतवार १२:१४ मा प्रकाशित

You can share this post!

सेजमा उद्योग स्थापनाका लागि आव्हान,दुई बर्षसम्म निर्यात गर्न नपर्ने

सेजमा उद्योग स्थापनाका लागि आव्हान,दुई बर्षसम्म निर्यात गर्न नपर्ने

वि.सं.२०७८ फागुन १५ आइतवार १३:१०

काठमाडौ । विशेष आर्थिक क्षेत्र प्राधिकरणले उद्योगीहरुलाई भैरहवा र बाराको...

एमसीसी संसदबाट व्याख्यात्मक टिप्पणी सहित पास गराउने सत्ता गठबन्धनको निर्णय,आजै पास हुने

एमसीसी संसदबाट व्याख्यात्मक टिप्पणी सहित पास गराउने सत्ता गठबन्धनको निर्णय,आजै पास हुने

वि.सं.२०७८ फागुन १५ आइतवार १२:०३

काठमाडौं । पाँच दलीय सत्ता गठबन्धनले अमेरिकी सहायता परियोजना एमसीसी...

रुस – युक्रेन द्वन्द्व प्रभावित नेपालीको सहयोग एवं उद्धारका लागि खड्काको नेतृत्वमा उच्चस्तरीय समिति गठन

रुस – युक्रेन द्वन्द्व प्रभावित नेपालीको सहयोग एवं उद्धारका लागि खड्काको नेतृत्वमा उच्चस्तरीय समिति गठन

वि.सं.२०७८ फागुन १५ आइतवार ११:४३

काठमाडौं । युक्रेन द्वन्द्व प्रभावित नेपालीको उद्धारको लागि सरकार र...

विद्युत प्राधिकरणले आइपीओ जारी गर्ने

विद्युत प्राधिकरणले आइपीओ जारी गर्ने

वि.सं.२०७८ फागुन १२ बिहीवार १४:४६

काठमाडौं । नेपाल विद्युत प्राधिकरणले पनि साधारण सेयर (आइपीओ) जारी...

घट्दो बैदेशिक मुद्रा संचितिले गभर्नरको निद हराम

घट्दो बैदेशिक मुद्रा संचितिले गभर्नरको निद हराम

वि.सं.२०७८ फागुन १२ बिहीवार ०९:४९

काठमाडौं । विदेशी मुद्रा (डलर) संंचिति घट्दै गएपछि गभर्नर महाप्रसाद...

पुर्वाधार विकास बैंकले उर्जा ऋणपत्र जारी गर्न पाउने

पुर्वाधार विकास बैंकले उर्जा ऋणपत्र जारी गर्न पाउने

वि.सं.२०७८ फागुन ११ बुधवार १८:१८

काठमाडौं । पुर्वाधार विकास बैंकले प्राथमिक पुँजीको शतप्रतिशत ऋणपत्र जारी...