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All Ministries urged to Submit their Plans for New Budget within 7 Days

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All Ministries urged to Submit their Plans for New Budget within 7 Days
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March 31: The Ministry of Finance on Wednesday held discussions with secretaries and joint secretaries of all the ministries regarding the preparation for the upcoming fiscal year’s budget.

During the discussion programme, Finance Minister Janardan Sharma directed the federal, state and local levels to submit their action plans and policies for the upcoming fiscal year within the seven days.

He also instructed not to submit fragmented plans for the upcoming fiscal year. He said that there is a tendency of federal levels to include fragmented plans in the federal budget and skip the work during implementation phase and directed the ministers not to do so.

Finance Minister Sharma has asked all ministries and agencies to submit a plan to reduce current expenditure for the upcoming budget. He said that the progress of the national pride and game changer projects was disappointing, and added that the pace of construction of the national pride projects was very slow. He also emphasized on a budget focused on economic prosperity through increasing production and employment.

During the discussion, Finance Secretary Madhu Kumar Marasini suggested the ministries to present their budget programmes within the limits of financial discipline considering the limited resources of the government.

 

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