Traveling can be expensive. But you don’t need to win the lottery or take out a loan to be able to travel and travel well. You can take that trip you have been meaning to go on without breaking the bank if you are just a little wise with your money.
KATHMANDU, Feb 4: The parliamentary Development and Technology Committee on Monday directed the government for revising project design process to ensure timely construction of bridges that have remained affected for a long time due to faults in design.
One of the biggest ironies of Nepal’s budget system has been that while the country somehow manages to allocate budget for development of infrastructure projects, huge portion of such budget remains unspent, even frozen in some cases. During the pre-budget discussion period, leaders from local, provincial and federal spheres demand money for different development activities. The respective governments address their concerns too by allocating it for the development projects demanded by them.
Imagine going on a lengthy trip to the island of Tuvalu and having the time of your life but realizing you don’t have enough money to buy a return ticket back home. Or maybe you are traveling through multiple countries at once, say in Europe, and realize that you have spent way more than you were planning to during just half of the trip. Lack of a proper budget is what stops most of us from hopping on a plane to that place you’ve always wanted to visit.
RAJBIRAJ, Aug 28: Five rural municipalities of Saptari district are likely to lose federal grants after failing to hold their respective council meetings and unveil budget as required by the Local Government Operation Act 2017.
DHADING, July 22: Nilkantha Municipality of Dhading had allocated Rs 140.2 million for construction of roads and bridges during the last fiscal year. Among the priority projects of the local unit, a few have been completed while the fate of some others hangs in the balance.
Dhangadi, July 7: The ruling side and the opposition parties have finally come to an agreement to resume the meeting of the Sudur Paschim State Assembly. It was being obstructed repeatedly since the tabling of the budget for the new fiscal year 2019/20.
NEW DELHI, July 5: India on Friday unveiled a budget aimed at boosting infrastructure and foreign investment, the first since the Bharatiya Janata Party led by Prime Minister Narendra Modi returned for a second term in power.
KATHMANDU, July 1: The Ministry of Federal Affairs and General Administration (MoFAGA) had made it mandatory for local units across the country to unveil the budget before June 25. However, around 118 local units are yet to do so despite missing their deadline. The dispute between local representatives, lack of manpower and coordination between the officials have been learnt to be the major reasons behind the delay.
NEPALGUNJ, June 26: Nepalgunj Sub-metropolitan City has unveiled a total annual budget of Rs 2.28 billion for the Fiscal Year 2019/20, with Rs 1.21 billion in current expenditure and Rs 1.04 billion in capital expenditure.
KATHMANDU, June 26: Local governments across the country have unveiled their annual budgets for the next fiscal year, their second budgets since they came into existence following the 2017 local elections.
KATHMANDU, June 26: The house of representatives (HoR) has approved the Appropriation Bill 2075 (2019), clearing the legal way for the government to make spending as proposed by Minister for Finance Yuba Raj Khatiwada for Fiscal Year 2019/20.
KATHMANDU, June 25: The Kathmandu Metropolis has made public the budget of Rs 15.50 billion for the coming fiscal year. Deputy Mayor Hariprabha Khadgi Shrestha presented the budget in the fifth convention of the Metropolis' Council on Tuesday.
RAUTAHAT, June 23: Husnara Khatun, deputy mayor of Ishnath Municipality, has accused the mayor and the chief administrative officer (CAO) of misappropriating budget funds meant for development projects.
KATHMANDU, June 22: To achieve the sustainable development goals (SDGs), there will be an average investment requirement of Rs 2,024.8 billion per year until 2030, according to an estimate by the National Planning Commission (NPC).
JUBA, June 20: South Sudanese lawmakers stormed out of a budget presentation for the 2019/20 financial year by the finance minister on Thursday, with one citing frustrations over non-payment of salaries of civil servants and soldiers.
KATHMANDU, June 19: The Ministry of Finance (MoF) has transferred Rs 84.51 million from one budget heading to another to finance foreign junkets of top-ranking functionaries and officials in the past two months alone.
HETAUDA, June 13: The State 3 government is scheduled to table the budget for the fiscal year of 2019/20 in the State Assembly meeting scheduled for June 16, according to the private secretariat of the State government Minister for Economic Affairs and Planning, Kailash Prasad Dhungel.
KATHMANDU, June 8: Commenting on the government’s budget and programs for upcoming Fiscal Year 2019/20, the Federation of Handicraft Associations of Nepal (FHAN) has said that the sector has been largely overlooked.
KATHMANDU, June 5: Representative bodies of private sector have surprisingly refrained from making critical comment on the budget even though it lacks any specific program to drive the growth of private sector and boost investments.