Finance Minister Paudel's instructions to increase capital expenditure

Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel has instructed the secretary of the ministry to increase capital expenditure and reduce current expenditure.

In the discussion on the country's overall economic condition and budget implementation held today at the Ministry of Finance, Paudel stated that the situation of capital expenditure and revenue mobilization is worrying and instructed to be strict in revenue management and to work by giving special priority to capital expenditure, according to the Ministry of Finance.

He directed to give priority to the work of taking research admissions, urging that the funds allocated for all the topics to be spent from the government resources should be spent only on that topic, to discourage the expenses of current nature, and not to ask for additional budget on any topic other than mandatory obligations.

He also instructed not to arrange the manpower in such a way as to create any kind of liability except for the approved posts, to complete the project on time for the capital expenditure.

Directing the collection of the mentioned cases to be collected as soon as possible, he said that while preparing the upcoming budget, he should give priority to the projects that have been completed, are prioritized at the national level, contribute to the national production, create jobs and give high returns, without including the small projects of the local and state governments.  requested.

 Stating that the revenue administration will proceed with the help of the home administration to break the chain of irregularities in revenue mobilization, he directed the secretary of the relevant ministry to assist in making the revenue mobilization effective.

Stating that there is a weakness in the mobilization of foreign resources, he instructed the secretaries that the Ministry of Finance should play an effective role in the mobilization of grants and loans.

He also instructed to include policies and programs so that the foreign aid is invested in the productive sector to make it result-oriented and successful.

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