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.
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.
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.
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.
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.
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 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.
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, 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).