Finance Committee of House to begin clause-wise deliberations

Kathmandu, August 2: The Finance Committee under the House of Representatives is to begin clause-wise deliberations on the bill in regard to making provisions about fiscal work procedure and fiscal responsibility from coming Sunday.

In today’s meeting of the committee, lawmakers who earlier had registered proposals seeking an amendment to the bill, put their views. The Bill aims to make the government budget more transparent and result-oriented.

Speaking at the meeting, Finance Minister Dr Yuba Raj Khatiwada said the recent agreement on work execution signed by the Prime Minister with ministers was meant for making the bodies concerned more responsible.

Finance Minister Khatiwada further said the ministry is making efforts to discourage the practice of transferring the budget allocated under one heading to another at the eleventh hour of the fiscal year and the culture of overspending

He informed the meeting that those projects which had remained incomplete due to several reasons in the last fiscal year had been given priority in the budget of the current fiscal year.