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Focus On Budget Implementation: FM

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--By TC Correspondent
 
Finance Minister Shanker Prasad Koirala has stressed on the need for the implementation of programmes included in the country’s annual budget. Speaking at the quarterly review meeting of development projects held on December 12 at the Ministry of Finance, Koirala urged all stakeholders to coordinate with the concerned agency if any problem emerged in development projects prioritised in the national budget. He also said that the programmes included in the budget were the state’s commitment.
 
“Everything included in the country’s annual budget is the state’s commitment,” he said urging the officials to expedite the development projects that were stalled due to the CA election and festivals. The Comptroller General and top officials of government ministries and departments were present in the review meeting.
 
The finance minister directed the officials present in the meeting to work in coordination with the Nepal Rastra Bank (NRB) by attaching high priority to livestock and crops insurance, micro credit and cold storage programmes. He directed the officials not to fulfill formality by only seeking the progress reports of the development projects.  
 
“Please expedite the works of the development projects that were stalled due to the festivals and election. I am always there to support you,” he assured.
 
Speaking at the meeting, vice-chairperson of the National Planning Commission (NPC) Rabindra Kumar Shakya asked the implementing agencies to end the culture of zero progress of the development programmes. He urged them to present clear reasons for the emergence of such situation. He asked them not to cite the same problem time and again but to explore the reasons behind the malpractice.
 
Similarly, NRB Governor Dr Yubaraj Khatiwada pointed out the need for investment for the commercialization of agriculture in the country. Speaking at the meeting, Finance Secretary Shanta Raj Subedi said that the development expenditure made during the first quarter of the current fiscal year was not satisfactory. He expressed dissatisfaction over the ineffective performance of regulatory bodies such as central bank, securities board and the Insurance Board. Likewise, Finance Comptroller Suman Sharma stressed on the need for effective internal audit for maintaining fiscal discipline.

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