KATHMANDU, June 27: At least 149 local units have failed to unveil their annual budget within the deadline set by the Local Government Operation Act, according to the Ministry of Federal Affairs and General Administration (MoFAGA).
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.
The present economic model of Nepal has a number of interesting structural characteristics. First, it focuses on imports. The government gets most of its revenue from import which is the basis for financing public expenditure, mostly regular expenditure necessary for the functioning of the state. In an import-based revenue structure, there is an embedded incentive to maintain luxury imports.
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, May 27: Banking institutions that are facing shortage of lendable fund are now feeling a sigh of relief with the recent rise of stock of deposits as the government expedites development expenditures at the end of the fiscal year.
KATHMANDU, April 16: The management of offerings made to temples is not transparent and records of their incomes and expenditures are not maintained properly, much like in other public offices in the country that are not playing it by the book, say government auditors.
KATHMANDU, April 13: Government expenditures not in accordance with procedure is increasing with each passing year, but the amount to be recovered from them and other individuals or parties, who have received taxpayers' money, is going down, an analysis of audit reports of the government spending of past three years, including FY 2016/17, shows.
KATHMANDU, Jan 30: Former Vice-Chairman of National Planning Commission and Economic Expert Dr Shankar Sharma has said unhealthy competition among the political parties in hiking elderly allowance will have adverse impact on the country’s economy in the long run.
GULMI, Jan 26: Most of the candidates who contested the parliamentary and provincial elections of December 7 have submitted the details of their election expenses to the District Election Office (DEO), Gulmi following the instruction of the Election Commission (EC) to furnish the details within 35 days of the elections. Surprisingly, the expenses of the losing candidates are comparatively higher than that of the winning candidates.
GULMI, Jan 25: Most of the candidates who contested the parliamentary and provincial elections of December 7 have submitted the details of their election expenses to the District Election Office (DEO), Gulmi following the instruction of the Election Commission (EC) to furnish the details within 35 days of the elections.
The election expenditure of Puspa Kamal Dahal is put at Rs 994,542. Similarly, Dahal’s nearest rival, Bikram Pandey, of Rastriya Prajatantra Party (Democratic) submitted the election expenditure details of Rs 939,940, according to the District Election Office.
CHITWAN, Jan 15: Furnishing the election expenses to the District Election Office (DEO), Chitwan, CPN (Maoist Center) Chairman Pushpa Kamal Dahal has claimed that he spent less than Rs 1 million in his election campaign.
KATHMANDU, Dec 31: The Election Commission has directed the political parties and candidates of the recently held elections to the House of Representatives and Provincial Assemblies to submit details of their election expenditure.
SURKHET, July 14: Newly-elected local representatives will not be able to contest for the position of District Coordination Committee if they do not furnish their election expenditure details to the district election office.
KATHMANDU, July 6: Discussions on the appropriation bill are continuous in the parliament for few days. Speaking in today's meeting of the Legislature-Parliament, Nepal Workers and Peasants Party lawmakers Prem Suwal and Dilli Prasad Kafle proposed to cut the expenditure amount allocated for different nine ministries.
KATHMANDU, June 21: The government, Nepal's development partners and economists have expressed serious concern over the low capital expenditure that is limited to just 25 per cent when 24 days are left for the current fiscal year to come to an end.
POKHARA, May 9: The Election Commission (EC) has set ceilings on expenditures that candidates competing in local elections at various levels can make. According the directive, mayoral and deputy mayoral candidates of a metropolitan city have been given the maximum budget ceiling of Rs 750,000.
KATHMANDU, March 24: Political parties have started exercises on selecting their candidates for the upcoming local level elections. The Election Commission has already published the election programs for the local polls on May 14. According to the Election Code of Conduct, candidates and political parties should open a bank account for election and conduct all election-related transactions through the bank account as per the expenditure ceiling set by concerned law.
MYAGDI (Babiyachaur), Feb 17: National Planning Commission (NPC) vice-chairman Dr Min Bahadur Shrestha has said stress has been laid on coordination among the different government ministries to increase the development expenditure.