Friday, July 27, 2018

Government transfers Rs 3.66 b in last month of fiscal

The Finance Ministry has transferred Rs 3.66 billion – out of the annual budget to please the political cadres – from the government coffers in the last month of the fiscal year 2017-18.
The government has transferred Rs 1.66 billion to pay for conflict victims and their families. Home Ministry is going to distribute Rs 1.66 billion to ensure no duplication, according to a source at the Finance Ministry. 
Apart from dole out to the conflict victims, the government has transferred Rs 408.8 million for drinking water projects in Jhapa, Gulmi, Syangja, Taplejung and Bhojpur without any details. The budget –transferred without and justification – is top up to the budget the projects have already received.
Likewise, the government has transferred Rs 200 million to pay interest subsidy on the loans issued for agriculture and livestock sector as allocated amount through the budget. The government has also transferred Rs 180 million for embankment of Bagmati, Kamala, Khando and Lalbakaiya rivers and Rs 207 million for building infrastructure for 13th South Asian Game and 8th National Sports Competition, according to ministry officials.
Any transfer of the budget for the new project in the eleventh hour is the misuse of the taxpayer’s money, and the government has spent nearly a third of the budget in the last month – from Mid-June to Mid-July – of the fiscal year.

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