Government Issues New Guidelines for Budget Implementation

Kathmandu. The government has issued new guidelines focusing on financial discipline and frugality to make the implementation of the budget for the fiscal year 2083/84 effective, transparent, and results-oriented. 

The Ministry of Finance has directed all central bodies, provinces, and local levels to fully comply with the Appropriation Act, 2083, and the laws related to financial procedures and fiscal responsibility.

The guidelines issued by the ministry have set important theoretical foundations for maintaining efficiency and effectiveness in budget expenditure. In line with the policy to make public spending frugal, prior approval from the Ministry of Finance is mandatory for the purchase of new vehicles and foreign travel. 

Similarly, strict instructions have been given to exercise maximum frugality in fuel, stationery, seminars, and other administrative expenses, and to prioritize the use of government buildings for office operations.

Likewise, the guidelines have put forward the basic condition of assessing potential financial risks in projects and adopting mitigation measures. Provisions have been made that conditional grants and foreign aid programs cannot be spent outside the stipulated agreements and directives. 

To prevent duplication and irregularities in the budget, the guidelines have emphasized the strict use of the Information System (LMIS) and regular monitoring.