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Govt’s excessive last-minute spending raises concerns of fiscal discipline

KATHMANDU: In an alarming display of fiscal mismanagement, the government has exhausted a staggering Rs 125.07 billion in just three weeks, breaching financial norms and jeopardizing budget discipline. The Financial Comptroller General Office (FCGO) reported that the government had spent a modest Rs 153.08 billion in the first 11...

Govt’s excessive last-minute spending raises concerns of fiscal discipline
First dusty cargo train successfully enters Birgunj Dry Port

First dusty cargo train successfully enters Birgunj Dry Port

Severe floods in eastern Nepal cause extensive damage to hydel projects worth Rs 8.5 bn

Severe floods in eastern Nepal cause extensive damage to hydel projects worth Rs 8.5 bn

MoPIT directs subordinate offices to expedite Suryabinayak-Dhulikhel road expansion

MoPIT directs subordinate offices to expedite Suryabinayak-Dhulikhel road expansion

Nepal and World Bank launch $275mln project to boost transport and trade connectivity

Nepal and World Bank launch $275mln project to boost transport and trade connectivity

PM Dahal inaugurates Lumbini Cable Car

PM Dahal inaugurates Lumbini Cable Car

Contractors once more request a deadline extension

Contractors once more request a deadline extension

Seti hydropower project in final stage

Seti hydropower project in final stage

Muglin-Malekhu road section being upgraded with World Bank assistance

Muglin-Malekhu road section being upgraded with World Bank assistance

Dahal, Modi laid the foundation of 2nd 400 kVA cross-border transmission line

Dahal, Modi laid the foundation of 2nd 400 kVA cross-border transmission line

Budget for MoPIT downsized by Rs 30 billion

Budget for MoPIT downsized by Rs 30 billion

Tamakosi-V hydropower project received investment of Rs 13.74 billion loan from EPF

Tamakosi-V hydropower project received investment of Rs 13.74 billion loan from EPF

MCC VP Brooks exhorts Nepal to complete the project on time

MCC VP Brooks exhorts Nepal to complete the project on time

NRB’s relief to builders, able to restructure all loans up to 50 mln

NRB’s relief to builders, able to restructure all loans up to 50 mln

Eight high-capacity substations will be built by NEA in the Kathmandu Valley to supply the necessary electricity until 2050

Eight high-capacity substations will be built by NEA in the Kathmandu Valley to supply the necessary electricity until 2050

Tanahun hydropower project sees rapid installation of towers

Tanahun hydropower project sees rapid installation of towers

Arun River was blocked at the hydro construction site by dry landslide

Arun River was blocked at the hydro construction site by dry landslide

Govt lowered the MoPIT budget celling by Rs 54 bn for next fiscal

Govt lowered the MoPIT budget celling by Rs 54 bn for next fiscal

Kathmandu-Raxaul railway location survey report prepared

Kathmandu-Raxaul railway location survey report prepared

Government reinstates Melamchi Water Supply Development Board

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