Regmi´s instruction comes at a time when progress in capital expenditures has been reported at 27 percent of the total capital allocation for the current fiscal year. [break]
“Though progress in capital expenditure during the review period is one par with the progress recorded during the same period in the last fiscal year, we need stronger monitoring of major projects to drive up their spending in the coming days,” Regmi said at the 29th meeting of National Development Action Committee (NDAC) held on Sunday.
At the meeting, where all ministers and secretaries of the ministers were present, Regmi also urged the ministries to make prepare budget for the next fiscal year putting focus on development activities rather than populist programs.
Speaking on the occasion, Finance Minister Shankar Koirala urged ministries to come up with programs to raise capital expenditures.
On the occasion, secretaries of different ministries presented the progress reports of programs running under their respective ministries.
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