Saturday, 29 January, 2022

Spend all capital budget: Minister Sharma


By A Staff Reporter
Kathmandu, Jan. 12: Finance Minister Janardan Sharma has urged various ministries to spend 100 per cent capital budget in the remaining six months of the current fiscal year 2021/22.
He made the request to the secretaries at a review meeting of the ministry's expenditure for the fiscal year 2021/22 at the ministry on Tuesday.
He said that he was ready to help even at mid-night if needed and urged to spend anyway.

"Six months of the fiscal year have passed. We have to spend cent per cent of the budget in the remaining six months," he said. "For that, I am ready to help you even at 12 o'clock at night."
Minister Sharma urged to find new ways to spend the budget and urged to increase the expenditure anyway.

He stressed on the need to move ahead by involving the local authorities and local people in mega projects as only by involving them in big projects can the work be completed quickly.
He also pointed out the need to improve the existing system for expediting the development works.
Minister Sharma said that it would be slow to carry the file to every ministry and now it should be taken to digital medium.

"It takes a couple of days to carry the file to the department and ministry. Time is running out here too," he said. "It has to be done digitally. You have to request and accept digitally."
The Ministry of Finance has been pointing out other ministries to increase capital expenditure lately.

Meanwhile, as of Monday, capital expenditure stood at 9.39 per cent, current expenditure 38.9 per cent and financial expenditure 25.41 per cent. Overall, 29.11 per cent of the budget has been spent so far.