Finance Minister directs all the ministries to make budget plan till Jan 14

Kathmandu: As the capital (development) expenditure is becoming depressing, the Ministry of Finance has started discussions with the concerned ministries. Finance Minister Janardan Sharma on Friday called on the concerned development ministry ministers at the finance ministry to increase capital expenditure.

On the occasion, Finance Minister Janardan Sharma urged the ministries to spend 30 percent of their respective ministries’ budget by January. Stating that liquidity has also been affected due to untimely capital expenditure, he directed the ministries to spend on development as soon as possible.

He said that if the budget expenditure is not reviewed during the quarterly review, it will be reimbursed.

He also said that the budget would be transferred to the places where the expenditure would be incurred at the state and local level if the situation was not resolved on time.

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