DHANGADHI, July 9: As the current fiscal year nears its end, Sudur Paschim Province has intensified development activities, spending the development budget in a hurry so as to prevent budget-freezing.

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, July 20:The government treasury is now empty following irrational budget distribution at the end of the fiscal year that ended Monday. Not a single penny has been left from the previous fiscal year , according to officials of the Ministry of Finance (MoF). This fiscal indiscipline on the part of the current government is sure to have serious consequences as it may trigger internal borrowing right from the first month, just as the previous government had done this time last year.

The practice of “completing” development works at the end of the fiscal year, mostly in the month of Asar (mid-June to mid-July), just to claim payment against the works under the government watch has become the biggest joke to our developmental aspirations.

LONDON, July 10: The soccer World Cup prompted shoppers in Britain to spend more on beer, barbecues and big-screen televisions in June but the overall increase in sales slowed in a reminder of how wary many consumers remain, a survey showed on Tuesday.

POKHARA, July 8: Stakeholders have urged the government to take needful initiative for increasing tourist spending in the country. They said that Nepal will continue to be known as a ‘cheap destination’ if tourist spending does not increase.

KATHMANDU, July 5: The government’s capital spending is increasing steadily, except for few days, while recurrent spending has spiked in last two weeks, an analysis of spending figures made public by Financial Comptroller General Office shows.

KATHMANDU, July 1: A total of 204 international non-government organizations (INGOs) are mobilizing an annual Rs 24.95 billion in Nepal that do not come through the government treasury.

MAHOTTARI, June  29: Formation of local units across the country was expected to end the trend of wasting government resources by implementing development projects at the eleventh hour. However, local units continue to implement infrastructure projects at the eleventh hour by compromising on quality.

RUPANDEHI, June 29: The current fiscal year 2017/18 is ending in 15 days. As the clock ticks, government officials in Rupendehi district are brainstorming ways to spend the unspent Rs 2.17 billion budget before the deadline.

Progress in recurrent spending is 77 percent of Rs 803 billion but rising costs of regular spending is a matter of concern for economists as they go largely in regular spending including paying salary.

KATHMANDU, June 10: The government has set per unit cost of all its spending for goods and services, from building a classroom of a public school to the price of a medicine provided to health posts to cure tapeworm.

CHITWAN, May 7: Septuagenarian Magara Darai and his wife Budhani had just gone to bed after dinner when they heard an unusual sound outside their house.

Now Ministry of Local Development will distribute housing grant tranches to victims.

KATHMANDU, March 20: The federal government is now mulling to stop fiscal transfers to local levels in lump sum in the next fiscal year to cope with the crunch of spendable amount in the government treasury.

KATHMANDU, Mar 12: Both the government and the private sector are putting high emphasis on increasing tourist footfalls to Nepal in recent years. Though the number of tourists is increasing, their spending has not increased as desired.

KATHMANDU, Feb 20: A recent study conducted by the Nepal Rastra Bank (NRB) shows that rise in government spending also fuels imports.

KATHMANDU, Jan 18: Though six months have passed since the formation of local governments, except in Province 2, the government does not have any idea about spending patterns of these local units.

BARBADOS, Dec 27: The cousin of Rihanna has been shot dead mere hours after they spent Christmas Day together in Barbados.

BIRATNAGAR, Dec 11: Proving wrong the notion that elections cannot be won without money, Lal Babu Pandit of CPN-UML emerged victorious from Morang-6 in the recently concluded parliamentary elections. He defeated Nepali Congress (NC) heavyweight Shekhar Koirala in the polls, and that too, without spending anything.

BIRATNAGAR, Dec 10: Proving wrong the notion that elections cannot be won without money, Lal Babu Pandit of CPN-UML emerged victorious from Morang-6 in the recently concluded parliamentary elections. He defeated Nepali Congress (NC) heavyweight Shekhar Koirla in the polls, and that too, without spending anything.

KATHMANDU, Nov 10: Chief Election Commissioner Dr Ayodhee Prasad Yadav has urged the concerned government bodies to monitor the excessive spending by the parties and their candidates in the election campaigning. The election of the House of Representatives and Provincial parliament is being held soon.

EC bars ex-MPs from spending CDF money

October 30, 2017 02:45 am

KATHMANDU, Oct 30: The Election Commission (EC) has barred former members of parliament from spending funds from the state coffers allotted in the name of the Constituency Development Found (CDF). An estimated Rs 10 billion is said to be released for MP's projects.

KATHMANDU, Oct 23: Each Nepali spends 13 percent of their average daily income on a plate of food, the second highest among the countries surveyed in South Asia, according to a recent World Food Programme (WFP) report entitled Counting the Beans: The True Cost of a Plate of Food Around the World. The average annual income of a Nepali is US$ 682 or Rs 88,786.

KATHMANDU, Sept 12: Nepal has welcomed around 500,000 tourists in the first half of 2017, signifying an increasing trend in tourist arrival over the past few years.

LONDON, August 23: Premier League clubs have broken their own spending record for the transfer window, a sports analyst group said on Wednesday, with more deals expected before business closes next Thursday.

TIKAPUR, Aug 6: Since the last four days, few families of Khallatole and Kandadhika of Bhajani Municipality-8 in Kailali have been forced to spend their nights in the Postal Highway. When a massive flood inundated their house on Thursday night, locals had to run toward the road in order to save their lives. Even after so many days, their houses are still waterlogged. The level of water is so high that people have to use boats to reach their home. In such a situation, victims cannot think of returning to their homes for few more days.

TIKAPUR, August 6: Since the last four days, few families of Khallatole and Kandadhika of Bhajani Municipality-8 have been forced to spend their nights in the Postal Highway. When a massive flood inundated their house on Thursday night, locals had to run toward the road in order to save their lives. Even after so many days, their houses are still waterlogged. The level of water is so high that people have to use boats to reach their home. In such a situation, victims cannot think of returning to their homes for few more days.

KATHMANDU, July 17:Nepal Stock Exchange (Nepse) benchmark index climbed up 20.58 points, 1.3 percent, on Monday amid rise on the government spending at the end of the fiscal year. The stock market recovered by double digit on the second trading days following a long slump amid shortage of lendable fund and rise in interest rates.

MAHOTTARI, July 11:Local Development Officer (LDO) Yuwak Raj Paudel of Mahottari District Coordination Committee (DCC) has not attended his office since a week. Although in other days, service seekers and politicians used to fill his office, currently his office desk has gathered dust and the chair always remains empty.

GORKHA, July 7: It has been more than two years since Nepal got hit by the catastrophic earthquake but still many victims who were rendered homeless by the disaster are obliged to spend yet another monsoon in their dilapidated makeshift tents.

KATHMANDU, May 15: Ministry of Energy (MoE) is the top performer in development spending till the first nine months of the current fiscal year.

KATHMANDU, May 11: Candidates  in the three provinces going to local polls in the first phase  are using a different publicity modality than in past election campaigns. The use of pamphlets and brochures is sparse  this time  and the demand for paper for publicity purposes is very low, according to Nepal Printers Association.

MYAGDI, May 11: Breaching the election code of conduct, candidates for the post of ward chief in Myagdi district are spending millions of rupees to attract voters during their promotional campaigns.

BRANCHBURG, N.J. (AP) — President Donald Trump signed his first piece of major legislation on Friday, a $1 trillion spending bill to keep the government operating through September.

KATHMANDU, April 27: Grappled with shortage of lendable funds, bank and financial institutions (BFIs) have tweaked their credit expansion strategy.

KATHMANDU, April 22: The International Monetary Fund (IMF) has said the fiscal policy of Nepal should be oriented toward facilitating spending on post-earthquake reconstruction and infrastructure as quickly as possible.

KATHMANDU, April 17: Money disbursed by development agencies outside the government system increased significantly in fiscal year 2015/16, despite the government's effort to bring such spending into the government channel.

KATHMANDU, April 7: Per capita consumption expenditure in urban areas is twice as much as in rural areas, according to a recent survey.

KATHMANDU, April 7: Per capita consumption expenditure in urban areas is double than in rural area, according to a recent survey.

KATHMANDU, Jan 3: Prime Minister Puspa Kamal Dahal on Monday directed the government officials and ministers to expedite development spending.

KATHMANDU, Jan 3: Prime Minister Puspa Kamal Dahal on Monday directed the government officials and ministers to expedite development spending.

KATHMANDU, Nov 16: The previous government's declaration in May to build the Kathmandu-Tarai Fast-Track road on its own  was widely welcomed and many hoped to see steady progress in the dream project, but so far there has been no action at all.

KATHMANDU, Oct 18: Progress in capital spending by the government has gone down this year with only 3.37 percent of the budget allocated for the purpose spent in the first ninety days, or first quarter, of this fiscal year.

KATHMANDU, Oct 1: Reports that quake victims in the 11 districts most affected by last year's earthquakes have been spending money meant for home reconstruction on Dashain shopping instead has alarmed the National Reconstruction Authority (NRA).

KATHMANDU, Aug 8: Nepal Rastra Bank (NRB) has raised the maximum limit that a Nepali with a foreign exchange account in Nepali banks can spend in a year to the equivalent of US$ 15,000.

KATHMANDU, July 16: The government has spent Rs 34.46 billion in capital expenditure in the past eight days which is around 50 percent of the development budget spent in the rest of the fiscal year.

KATHMANDU, June 29:Development spending is on a downward trend over the past five years, government statistics shows.

KATHMANDU, June 26: Government expenditure, which was sluggish till the 11th month of the fiscal year, is gaining momentum in the final month of the fiscal year.

KATHMANDU, June 22: Despite its poor spending capacity, the government will raise domestic debt as per the target set in Fiscal Year 2015/16.