Upcoming budget: Benefits-cost analysis of new projects mandatory
लगानी न्यूज
. Preliminary discussions have been started with the ministries to allocate adequate budget for the projects that have already started works and are of successive nature as soon as possible and to propose new plans and programs only to those projects that can be implemented immediately after making preparations with benefit and cost analysis.
The National Planning Commission (NPC) has prepared a ‘checklist’ for budget formulation for the upcoming fiscal year 2083/84 with the objective of making the budget formulation process more disciplined, result-oriented and realistic.TAG_OPEN_div_52 NHRC Assistant Spokesperson Dr Diwakar Luitel said that the Commission is scheduled to hold discussions with the Office of the Prime Minister and Council of Ministers, Ministry of Federal Affairs and General Administration, Ministry of Culture, Tourism and Civil Aviation and Ministry of Health and Population regarding the plans and programmes to be included in the budget for the coming fiscal year.
According to him, the Ministry of Forest and Environment, Ministry of Labour, Employment and Social Security, Ministry of Physical Infrastructure and Transport and Ministry of Urban Development will discuss the plans and programs proposed by the Ministry of Forests and Environment, the Ministry of Labour, Employment and Social Security, and the Ministry of Urban Development on Wednesday.TAG_OPEN_div_50
Earlier TAG_OPEN_div_48, the Commission had held discussions on the plans and programmes proposed by the Ministry of Home Affairs, the Ministry of Land Management, Cooperatives and Poverty Alleviation, the Ministry of Youth and Sports, the Ministry of Women, Children and Senior Citizens on Monday and the Ministry of Finance, the Ministry of Foreign Affairs and the Ministry of Law, Justice and Parliamentary Affairs on Sunday ।
According to the Commission, the thematic ministries and agencies will have to propose only plans and programs with detailed basis for the budget for the coming fiscal year.TAG_OPEN_div_46 The policy has been adopted to include in the budget the projects that are ready to be implemented and can give immediate results.
Finance Minister Dr Swarnim Wagle has said that he will bring a transformational budget for the coming fiscal year.TAG_OPEN_div_44 Accordingly, the Planning Commission, in coordination with the Ministry of Finance, has asked to propose plans and programs only after determining priorities in consultation with the line ministries. According to the Commission, the strategy will be adopted to complete the projects that have already started in the current fiscal year by allocating adequate budget.
Similarly, while submitting the proposal, the ministries must include the physical and financial progress details of the projects and programs of the current fiscal year.TAG_OPEN_div_42 A provision has been included in the ‘checklist’ to present the analysis of the problems and challenges seen in the implementation.
Similarly, the present status of the national pride projects and major programs included in the project bank should also be clearly stated. It is expected to facilitate in the evaluation of progress of projects of long-term importance. The government has also stressed on reconciling the budget with the 16th Plan. Accordingly, the ministries should clearly propose transformational strategies and key programs and projects to be implemented for the coming year. According to the budget ceiling and medium-term expenditure structure for the next three fiscal years (2083/84-2085/86) provided by the Ministry of Finance, the ministries will have to submit proposals with realistic projections of resources and expenditure.
According to the Economic Procedures and Financial Responsibility Act, 2076, feasibility study, environmental study, detailed project report (DPR), design, cost estimate, land acquisition status, implementation schedule and procurement plan must be included in the proposed project.TAG_OPEN_div_38 In addition, the expected result of the project should also be clarified.
The details of the guarantee of resources made in the projects of national pride and multi-year projects will also have to be compulsorily submitted. It is believed that this will increase the transparency of the budget commitment. The government has adopted the policy of giving quick results, completing them within the stipulated time and cost, and giving special priority to the projects that will be completed within the next fiscal year.
The programs and projects under implementation should be classified on the basis of priority. A proposal should be made with a clear list of projects to be continued, reviewed and rejected.
The details of incomplete and sick projects and the plans to be restructured or reviewed should also be presented separately. It is expected that this will help in the management of the projects that have been stuck for a long time. The issue of whether the financial liability created by the projects already completed in the past has been included in the budget will also have to be disclosed. It would also be examined whether only the projects to be operated by the federal government were included in the proposal as per the criteria and criteria for project classification, 2080 BS.
The Ministry of Finance had given time till March 2 TAG_OPEN_div_29 9 to propose plans and programs for the budget for the coming fiscal year. According to the Finance Ministry, the proposed plans and programs should have been included in the Ministry’s Budget Information System (LMBIS) within this period, but the deadline has been extended as the new government has not been able to do enough homework for the budget.
“We had asked the proposed plans and programs to be submitted to LMBIS by March 15. But the Ministry of Finance will have some flexibility in this regard,” said Luitel, assistant spokesperson of the commission. According to the Ministry of Finance, the deadline for proposing plans and programs on LMBIS is also necessary to incorporate the election manifesto of the ruling party, 100 agendas related to governance reforms approved by the meeting of the Council of Ministers on March 27, the Good Governance Roadmap and the provisions in the 2082 BS.
प्रतिक्रिया दिनुहोस्