January 19: President Ramchandra Paudel has issued Fiscal Procedures and Financial Accountability (First Amendment) Ordinance, 2080 on Thursday.
The president issued the ordinance in accordance with Article 114 (1) of the Constitution of Nepal upon the recommendation of the Council of Ministers, according to the Office of the President.
A cabinet meeting held on Wednesday decided to send the Fiscal Procedures and Financial Accountability Act 2076 to the president for amendment through an ordinance.
The government plans to change the budget schedule through this ordinance at a time when there is no active session of parliament.
The Fiscal Procedures and Financial Accountability Act 2076 mentions that the Finance Minister shall present the government's policies and programs included in the appropriation bill in the federal parliament 15 days before the presentation of the appropriation bill.
The ordinance proposes revising this date to 'mid-March. Other schedules of the budget will also be amended accordingly.