Kathmandu. The Ministry of Finance has issued a 37-point budget implementation guideline for the effective implementation of the budget for the fiscal year 2083/84.
According to the guideline, government agencies will no longer be allowed to take consultancy services to draft acts, rules, policies or guidelines.
This guideline has been issued to maintain maximum utilization, efficiency and discipline of the budget by complying with the Appropriation Act, 2083 and the Economic Procedures and Financial Responsibility Act, 2076.
According to the guideline, the budget will be released as the authority of the approved programs entered in the Ministry-based Budget Information System. If the annual approved budget is not spent by mid-March 2083 or cannot be spent in the remaining period, it has to be compulsorily submitted to the Ministry of Finance by March 29, 2083.
Prior consent of the Ministry of Finance has been made mandatory for the purchase of new four-wheelers and foreign trips. While renting office buildings, vacant government buildings will have to be given priority. Such buildings should be located in cheaper areas outside the market area than in the market area.
According to the guideline, government agencies will no longer be allowed to take consultancy services to draft acts, rules, policies or guidelines. The amount received under the supplementary, special and conditional grants will have to be spent only according to the work for which it has been allocated. The details of physical and financial progress of the conditional grant should be submitted within the stipulated deadline of November 30, March 29 and June 29.
Legal action will be taken against the project and account chief who does not demand reimbursement of foreign loan or grant on time. The budget cannot be spent until the foreign aid agreement is effective.
If the payment of more than Rs 1 billion is to be made, then the Finance Ministry should be informed seven days in advance.
