सिंहदरबार संवाददाता
Kathmandu. The Ministry of Finance has sent guidelines to all thematic ministries regarding budget formulation for the upcoming fiscal year 2082/083. Stating that budget resource management is extremely challenging and under pressure, the ministry has asked them to propose projects and programs in a way that increases the effectiveness of public spending.
The ministry has urged all thematic bodies to include only feasible plans, select priority projects, eliminate duplication, and include only feasible plans. According to the guidelines, adequate preparation and cost-benefit analysis will be required while proposing new plans, while adequate budget will have to be ensured to complete the currently operating plans.
The ministry has stated that priority will be given to projects of national pride and other high priority projects and the tendency to scatter resources in small projects will be discouraged to ensure effective use of resources. Keeping in mind the pressure on budget resource management, the ministry has issued a circular to prioritize projects and programs in the budget for the upcoming fiscal year to increase the effectiveness of public spending and expand economic activities.
“In order to make the budget formulation for the upcoming fiscal year realistic, implementable and result-oriented, it is requested to determine the activities to increase the efficiency of spending and make arrangements to enter the projects and programs under your ministry or ministry in the Ministry-level Budget Information System (LMBIS) by Chaitra 15,” the letter said. The National Resource Estimates Committee has provided the government with a ceiling to bring in a budget within the limit of Rs 1965 billion for the upcoming fiscal year.
The Ministry of Finance has stated that the annual program and budget should be proposed within the same limit. Similarly, the budget formulation guidelines also mention that a realistic budget should be proposed so that there is no need to make changes in the budget and program during the implementation of plans and programs. “To maintain allocation efficiency, budgets should be proposed only for activities directly related to the objectives of the project. Activities that create long-term liabilities will not be included in projects and programs,” the Ministry of Finance has said, urging the thematic ministries. “Only essential budgets should be proposed to maintain economy in current expenditure and sufficient budget should be proposed so that additional disbursements do not have to be requested later under the expense heading of mandatory liabilities.”
The budget formulation guidelines also mention that if activities of the same nature are included in different sub-headings and programs, such activities should be integrated and managed from the coming fiscal year. Similarly, when proposing new projects and programs, it has been said that only quality projects that have been prepared and are feasible from a cost-benefit perspective should be included.
If the projects currently being implemented are to be completed in the coming fiscal year, the budget proposal for new programs and projects should be made only after adequate budget has been allocated for them.
“To make effective use of limited resources, the tendency to scatter resources on small projects should be discouraged. Arrangements should be made to reduce the number of projects in a sequential manner, postpone projects that cannot be implemented and low-priority projects and propose only feasible projects,” the budget formulation guidelines state. “When proposing projects, only projects that have been entered in the project bank of the National Planning Commission should be included. Similarly, since budget allocation will not be made for the implementation of new projects for which studies have not been completed, budget proposals should be made only for the study and preparation of such projects. ” According to the budget formulation guidelines, new projects and programs cannot be proposed without ensuring resources.
Similarly, while proposing projects, it should be ensured that there is no duplication at inter-level and inter-ministerial levels. It has been stated that the budget proposal should be made by giving priority to post-disaster reconstruction work. The Ministry of Finance has asked that budget proposals be made for other projects and programs only after allocating an amount sufficient to pay the liabilities created in the coming fiscal year for projects and programs for which resource consent has been given. The guidelines state that even projects that have been assured of resources and that cannot be implemented on a priority basis should be re-prioritized and managed accordingly.
It has been asked to mandatorily propose the amount of the created liability to pay the expenses incurred legally in various projects and programs. Similarly, a budget should be proposed that is sufficient to pay the liabilities created in projects of national pride and other important programs. It has been asked to continue only quality projects by reprioritizing conditional grant projects. “New projects that are not fully prepared and whose investment methods are not assured will not be proposed.
You will propose an adequate amount for mandatory liabilities, including the necessary salaries for the working manpower to be borne from the conditional grant,” the guidelines state. After proposing an amount sufficient to pay the liabilities created in complementary and special grant projects and programs, new projects can be proposed only with the remaining amount. Similarly, it has been urged to propose an appropriation to reduce current expenses to make public expenditure economical and effective. The budget should be proposed only if there is sufficient basis and cost-effectiveness in the expenditure headings including software procurement and consultancy services and if it will help in the development of an integrated system. No budget can be proposed in the budget and budget cannot be requested for furniture, fixtures and decoration expenses except in urgent cases.
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