Govt to flood Rs. 1.35 billion in last 4 months of current FY
March 18, 2019 14:43 PM
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.
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.