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Public Administration News  
Nepal Govt Giving Final Shape to New Budget
Source: nepalnews.com
Source Date: Saturday, May 29, 2010
Focus: Electronic and Mobile Government
Country: Nepal
Created: May 31, 2010

The government is all geared up to come up with the budget for the fiscal year 2067/068 within a couple of weeks, according to reports. According to the Finance Ministry, the preparations works have almost reached final stage and the draft of the new budget is ready. The new budget is said to be focused on generating employment opportunities, physical and social infrastructure development and development of the agriculture. The government had set an upper ceiling of Rs 335 billion for the next year’s budget and around Rs 225 billion revenue mobilisation.

In a linear fashion, the budget will accord topmost priority to a new land use policy, planned settlements and cooperatives farming for bolstering the agricultural development of the country. Recently, the National Development Council (NDC) set a framework for the budget for the next three years under its Three Year Interim Plan and the National Planning Commission (NPC) also introduced the Proposed Three Year Interim Plan (TYIP) for the fiscal year 2010/011 to 2013/014.

The Finance Ministry will follow the framework prepared by the NPC in the TYIP. Creating respectable and rewarding employment to achieve the millennium development goals (MDGs), reducing economic gap, maintaining regional balance and eliminating social marginalisation through sustainable economic growth are other major highlights of the upcoming budget. The new budget is claimed to have been conceptualised with the prospect to achieve desired economic growth by maintaining the sustainable and equitable development of the country.

The new budget would also stress on the commercialisation of agriculture and developing special pocket areas for promoting particular agriculture products suitable in such climate.
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