Saturday, July 22, 2017

Government yet to get Rs 42 billion reimbursement

The government has yet to receive Rs 42.65 billion as reimbursement from different development partners, according to the Financial Comptroller General Office (FCGO).
The government has already spent the amount on different projects in the fiscal year 2016-17, but the development partners have not yet paid back.
According to the FCGO, the government had received Rs 48 billion, which it spent on various projects in the previous fiscal years. Likewise, the government still has to receive Rs 510 million as reimbursement for projects that have already been completed.
According to Financial Comptroller General Rajendra Prasad Nepal, the reimbursement process has been delayed also due to the projects as they do not submit their complete reports to the line ministries and the Finance Ministry on time.
In a programme organised by FCGO here today, he said that the office is being restructured according to the provincial system under the new Constitution. "FCGO will install a system whereby the real time data of revenue can also be accessed by this fiscal year," he said, adding that earlier the office only managed the real time data of government expenditure, but by this fiscal year it will be possible to get data of revenue collection too.

No comments: