How is the 15-day financial figure of the Ministry of Economy?

Based on the information provided, here is a summary of the Government of Nepal’s financial status for the first 15 days of the fiscal year 2082-83, along with details about the new budget and its implementation guidelines.

Government of Nepal’s Income and Expenditure (First 15 days of FY 2082-83)

For the initial 15 days of the current fiscal year (FY) 2082-83, the Government of Nepal has recorded a significant financial performance:

• Total Income: NPR 27.46 billion
• Total Expenditure: NPR 15.87 billion

This income marks a 17% increase compared to the same period in the previous fiscal year, when the government’s income was NPR 23.49 billion. Similarly, expenditures have also seen a substantial improvement, rising from just NPR 2.70 billion in the same period last year to NPR 15.87 billion this year.

Breakdown of Expenditures:

• Current Expenses: NPR 2.63 billion
• Capital Expenses: NPR 13.68 million
• Financial Management: NPR 13.10 billion (This high amount is due to the repayment of treasury bills).

The government has an annual income target of NPR 1.533 trillion for the current fiscal year, and its performance in the first 15 days represents 1.79% of this goal. The total expenditure for the period is 0.84% of the overall budget.

Budget and Economic Targets for the Fiscal Year 2082-83

The government, led by Finance Minister Bishnu Paudel, has introduced a total budget of NPR 1.964 trillion for the upcoming fiscal year. This budget is structured with the following planned expenditures:

• Current Expenditure: NPR 1.180 trillion
• Capital Expenditure: NPR 407 billion
• Financial Management: NPR 375.24 billion

To fund this budget, the government plans to raise:

• Revenue: NPR 1.315 trillion
• Foreign Grants: NPR 53.45 billion
• Foreign Loans: NPR 233 billion
• Domestic Loans: NPR 362 billion

The government has set ambitious economic targets for this fiscal year:

• Economic Growth: 6%
• Inflation: 5.5%

95-Point Budget Implementation Guidelines

To ensure the effective execution of the budget, the Ministry of Finance has issued a detailed 95-point directive. Key aspects of this guidance include:

• Timelines: All project work procedures must be prepared by the end of the Nepali month of Saun (mid-August).
• Project Management: Project chiefs will be selected through internal competition and, to ensure continuity, will not be transferred during the project’s lifespan unless performance goals are not met. Officials will be held accountable for any cost increases resulting from delayed decision-making.
• Accelerated Work: The guidelines mandate the use of a three-shift work schedule to speed up project implementation.
• Progress and Payment: To receive payments, projects must show specific physical progress. While no progress is required for the first quarter, a 30% progress target is set for the second quarter, and a minimum of 50% progress is required by the third quarter.
• Fiscal Discipline: New programs or projects cannot be introduced mid-year. The transfer of funds (rokantar) is limited to a maximum of 10% of the allocated amount.
• Coordination: Projects included in the federal budget must be coordinated with provincial and local governments to avoid duplication.
• Public Procurement: The guidelines call for the creation and modification of standardized bidding documents for public procurement. It also specifies that road construction tenders should be comprehensive, including work for water supply, sewage, and underground utility lines.