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November 30: On the background of stalled capital expenditure till the end of the first quarter of the current FY, the government has warned of withdrawing the budgets of delayed programs and projects under various ministries. Frustrated by the figure of merely 4.76 per cent capital expenditure during the period contrary to the expectation, the government gave such warning to the various ministries. The government has already sent a circular related to the issue to Finance Ministry and others ministries and bodies under the Finance Ministry. Apparently, the capital expenditure is far less than the current expenditure by the end of first quarter of the current FY. Besides having budget on time, the concerned bodies could not spend the capital expenditure as expected, thus the government is conceptualising to take back the given budget amount.
In the circular, the government has directed the related bodies to increase the capital expenditure within the next three months or return the 100 per cent amount of stalled programs to the Finance Ministry. The direction come in the context when the capital expenditure of the government could not increase besides having favourable conditions unlike the previous year which was ruined by earthquake, blockade and floods and landslides. According to sources, the government took the step to end the condition where current expenditure goes on increasing but capital expenditure is minimal. Stakeholders of various sectors have also expressed concerns on least capital expenditure as it affects national developmental and construction program. Moreover, the government has also issued 9 points direction to control unproductive expenditure.
The government has directed the bureaucrats to immediately approve the pended programs and authorities as it is normal in present bureaucracy to avoid decentralisation of authority, partial decentralisation and late approval of the programs. Moreover, the government also directed budget spending bodies to be accountable, regularly inspect the sub-bodies and solve the problems (if any) in order to increase the capital expenditure.
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