KATHMANDU, May 18: The Finance Committee under the House of Representatives has endorsed the report containing suggestions collected from various parts of the country on the upcoming budget.

KATHMANDU, May 15: Minister for Finance Yuba Raj Khatiwada has said that the current government will not have any excuse to justify its failure to meet capital expenditure target set in the budget for the upcoming fiscal year.

KATHMANDU, May 14: Finance Minister Dr Yuba Raj Khatiwada has said the budget has been made on the basis of the political and economic system that the country has adopted and the international relations.

WASHINGTON, May 14: The Trump administration asked Congress on Monday to increase NASA spending next year by an extra $1.6 billion as a “down payment” to accommodate the accelerated goal of returning Americans to the surface of the moon by 2024.

KATHMANDU, May 13: The Federal Parliament members have stressed that development, construction and industrialisation issues should be given priority in the upcoming budget.

KATHMANDU, May 12: Lawmakers of ruling Nepal Communist Party (NCP) have expressed the belief that the government would bring the budget for coming fiscal year with the goal of economic growth along with social justice.

HUMLA, May 10: The Economic Affairs and Planning Ministry of Karnali State has concluded a seminar on pre-budget discussion and collection of suggestions regarding the first periodic plan in the State.

KATHMANDU, May 9: A group of lawmakers, economists, industrialists, businesspersons and journalists has given suggestions for the upcoming budget.

KATHMANDU, May 9: Nearly two-thirds of the budget allocated for Kathmandu Terai Expressway has remained unspent.

KATHMANDU, May 9: Budget allocation for Ministry of Physical Infrastructure and Transport will grow by 35 percent to Rs 137 billion for the next fiscal year which starts from mid-July.

KATHMANDU, May 5: Leaders of the main opposition Nepal Congress (NC) on Sunday came down heavily against the government for making tall promises in the policy and program for the coming fiscal year despite failing to deliver results on policy and program for the current fiscal year announced last year.

KATHMANDU, May 5: Kathmandu denizens were hoping that the government’s policies and programs announced on Friday would speak at least about two development projects that have long been in their wish list -- the construction of bad roads in the Kathmandu Valley and completion of Melamchi Water Project.

GORKHA, May 4: Ajirkot and Siranchowk rural municipalities of Gorkha have not provided the social security allowances for the past six months.

RUPANDEHI, May 3: The State-5 government has concentrated its efforts for formulating a periodic plan and discussing budget policies and priorities ahead of the budget presentation.

BALEWA, May 2: Local governments based in Baglung district have started consultations with stakeholders in course of the formulation of policy and budget for upcoming year.

KATHMANDU, May 2: Economists say it is almost impossible to pay Rs 5,000 allowance for elderly allowance immediately and Finance Minister Yuba Raj Khatiwada is silent on the matter and may have little space for increasing that much.

HETAUDA, April 30: State-3 government is to bring a budget of around Rs 50 billion for coming fiscal year. It has been making preparation to bring the budget through the project bank.

KATHMANDU, April 27: The Eighth National Games ended on Wednesday with the departmental teams dominating the top three spots—not surprisingly—and the date and venue for the ninth edition of the tournament being announced.

KATHMANDU, April 25: Development partners spent 29 percent of their total portfolio in Nepal out of the country's budgetary system in the last fiscal year.

SURKHET, April 22: Karnali Province has managed to spend only 12 percent, or Rs 3.07 billion, of the allocated Rs 26.28 billion over the first nine months of Fiscal Year 2018/19.

KATHMANDU, April 10: The National Planning Commission (NPC) has projected a total of Rs 9.96 trillion of public spending in the next five years during the implementation of the country’s fifteenth plan.

KATHMANDU, April 8: Former Prime Minister Dr Baburam Bhattarai has said the system of distribution of budget in Nepal takes place in a haphazard manner.

KATHMANDU, March 23: Disappointing voters who expected rapid and meaningful development following the restructuring of the country, the provincial governments have spent only a minimum amount from the budget for the current fiscal year.

POKHARA, March 20: Budget spending by Gandaki Province has remained disappointingly low till the first eight months of the current fiscal year.

KATHMANDU, March 19: The Finance Committee of parliament has instructed the government to bring budget from the upcoming fiscal year only after the approval of working procedures and directives required to implement projects and programs introduced in the budget speech.

KATHMANDU, March 18: The government plans to flood NPR 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.

WASHINGTON, March 12:  President Donald Trump’s $4.7 trillion budget request proposes steep cuts to domestic spending, a funding boost for the Pentagon and $8.6 billion for his signature border wall with Mexico. Leading Democrats immediately rejected the plan, signaling another bruising fight just weeks after a standoff that led to a 35-day partial government shutdown, the longest in U.S. history.

KATHMANDU, Mar 11: National Reconstruction Authority (NRA) has allocated budget to accelerate the reconstruction process of various six quake-damaged heritage settlements in and outside of Kathmandu Valley.

WASHINGTON, March 9: President Donald Trump will be making a significant request for border wall funds and seeking money to stand up Space Force as a new branch of the military in the White House budget being released next week, an administration official said.

KATHMANDU, March 6: If the proverb ‘morning shows the day’ is anything to go by, Nepal’s economic performance will remain average over next four years as there was no sign of improvement in key economic indicators over the first year of the incumbent government.

KATHMANDU, Feb 24: The Department of Tourism (DoT) has refused to release budget to Nepal Mountaineering Association (NMA) for Peak Profile project in the current fiscal year, citing unsatisfactory work progress.

KATHAMNDU, Feb 17: Over Rs 800 billion has been spent out of budget endorsed by parliament over the last three years, putting under question the notion of parliamentary supremacy over government spending, according to a report prepared by the Public Expenditure Review Commission (PERC).

Big-budget action film “Alita: Battle Angel” may have garnered lukewarm reviews, but the filmmakers behind the manga-inspired movie envisioned by James Cameron say they are delighted with how it has turned out.

NEW DELHI: Words like job, unemployment and employment were mentioned 23 times in the budget speech of 2018-19, compared to just 7 times in 2013-14.

KATHMANDU, Feb 3: India has allocated Nepal an estimated 7 billion Indian rupees in grant for Fiscal Year 2019/20.

FEB 2: 6 things to know by 6 PM today

February 2, 2019 18:00 pm

Your daily dose of missed important news of the day.

Local units struggling to spend budget

January 23, 2019 15:17 pm

PANCHTHAR, Jan 23: Budget implementation in the first six months of the current fiscal year in Panchthar is found to be very disappointing.

JHAPA, Jan 20: Nepali Congress leader Krishna Prasad Sitaula has urged the government not to obstruct the release of budget to the GP Koirala Memorial Hall which is under construction in Jhapa district.

KATHMANDU, Jan 16: The government’s performance in terms of boosting capital expenditure did not improve much in the first half of the current fiscal year in comparison to the same period of the previous fiscal year – FY2017/18.

TIKAPUR, Dec 25: Safe Motherhood is one of the government’s topmost priorities. For this, maternity units have been opened at several health centers across the country where the service is not just free but women are even provided with allowance after delivery. Despite being a part of it, the Tikapur Hospital is not able to provide all the facilities that the program promises.

TAPLEJUNG, Dec 12: Construction of the Taplejung-Tibet road which will link the eastern part of the country to China has been in a limbo due to the government's apathy.

KATHMANDU, Nov 20: Despite failure to boost spending of allocated budget, most of the ministries have been demanding billions of rupees in off-budget funding from the Ministry for Finance (MoF).

GORKHA, Nov 1: The blacktopping of Abukhaireni-Gorkha road was intensified just a few weeks before the end of the last fiscal year just to ensure that the budget allocated by the government would not freeze.

KATHMANDU, Oct 28: Despite its objective of taking the country on the path of economic prosperity, the government has failed to spend its development budget in the first quarter of the current Fiscal Year 2018/19.

KATHMANDU, Oct. 25: The Ministry of Water Supply has sent separate teams comprising three members in each in all seven provinces to monitor the shifting of the budget in the fiscal year 2074/075 BS.

KATHMANDU, Oct 10: Families affected by the Budhigandaki Hydroelectric Project have said that two changes related to their compensation—first, in the valuation of their houses and second, a new threshold for capital gain tax rates for the income due to compensation—have affected them badly.

POKHARA, Oct 9: Prithvi Subba Gurung, chief minister of Gandaki Province, on Monday stated that lack of policies and work plan as well as labor crunch have made it challenging for the province to spend the budget.

KATHMANDU, Sept 24: Classrooms that the government is building in quake-hit districts will have different safety standards, thanks to difference in budget disbursements to two different agencies overseeing reconstruction of classrooms.

MoF says no to supplementary budget

September 19, 2018 06:15 am

KATHMANDU, Sept 19: Ministry for Finance has denied any possibility of bringing supplementary budget for the current fiscal year.

KATHMANDU, Sept 19: The annual assembly of Tribhuvan University (TU) held on Tuesday approved a total budget of Rs 21.1 billion for the university for the current fiscal year.