Extra Rs. 7.50 billion ensured to purchase fertilisers

By A Staff Reporter,Kathmandu, Feb. 21: The Ministry of Finance has ensured an additional source of Rs. 7.50 billion to purchase the chemical fertilisers required for the current financial year.

The Ministry of Finance has agreed to manage the additional budget to import the fertilisers as per a proposal submitted by the Ministry of Agriculture and Livestock Development.

Of the guaranteed resources, Rs. 2.40 billion will be arranged from the budget allocated for the Ministry of Agriculture and Livestock Development while Rs. 2.50 billion will be included in the budget ceiling of the next fiscal, said the Ministry of Finance.

Similarly, around Rs. 2.60 billion will be disbursed after the liability is created. The government has allocated Rs. 15 billion to purchase the chemical fertilisers for the current fiscal year.

The Ministry of Finance had ensured an additional source of Rs. 16 billion for the purchase of the chemical fertilisers. According to the demand of the Ministry of Agriculture and Livestock Development, additional resources of budget have been arranged, said the Finance Ministry.

Five days ago, Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel held a discussion with Minister for Agriculture and Livestock Development Jwala Kumari Sah, Agriculture Secretary Govinda Prasad Sharma and others regarding the procurement and supply of the chemical fertilisers.

On that occasion, DPM Paudel had said that there would be no problem of resources for the purchase of chemical fertilisers and requested to start necessary process immediately.