KATHMANDU, Sept 22: The government formed in the aftermath of the Gen-Z movement has decided to scrap projects included in the budget by the previous administration under political pressure.
The decision covers projects valued at less than Rs 30 million, as well as larger ones placed under the “bank of projects” category in the Fiscal Year (FY) 2082/83 BS budget.
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Finance Minister Rameshore Khanal said the move would slash expenditures by around Rs 120 billion. The government has resolved to use this amount to clear overdue payments to construction contractors.
“Contractors who have already completed work but are awaiting payments from the concerned ministries will now be settled,” Khanal said. “Any remaining funds will be redirected toward other priority projects.”
