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Finance Minister Directs Ministries to Spend 30 per cent of Budget within 1 Month

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Finance Minister Directs Ministries to Spend 30 per cent of Budget within 1 Month
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December 17:   Finance Minister Janardan Sharma has directed all ministries to spend 30 per cent of their budget within one month.     
The finance minister argued that lack of capital expenditure has contributed to the liquidity crunch in the country. He added that no ministry will be exempted from delaying budget expenditure. The Finance Ministry will provide necessary help in this regard, said the minister at an inter-ministry discussion at the Ministry of Finance on Friday.    

Minister Sharma warned that the unspent budget will be transferred under other headings if the ministries fail to spend the budget on time. He also reiterated to end the trend of
releasing budget towards the end of the fiscal year. Minister Sharma also directed prompt delivery of government services.    
Present on the occasion were Minister for Energy, Water Resources and Irrigation Pampha Bhusal, Minister for Physical Infrastructure and Transport Renu Kumari Yadav, Health Minister Birodh Khatiwada and Minister for Water Supply Umakanta Chaudhary.  -- RSS  
 

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