KATHMANDU, March 18: The government plans to flood Rs 1.35 billion in construction and development in the last quarter of the current fiscal year. The amount is a pile-up of the government’s failure to effectively and efficiently invest in development projects in the past eight months.
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Speaking at the parliament’s finance committee, finance secretary, Dr. Rajan Khanal urged all to be assured. “Our burn rate will be between 85-87% by the end of this fiscal year,” he said.
He added that so far, the government has spent 28.89% of its total budget of 13 billion.
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