Subscribe to RSSTHe Week
RPP-RJP unity convention elects Thapa as chairman
Live video call from Everest summit causes controversy
Telemedicine services benefit remote area patients
Utprerana school on the verge of shutting down
Limited appeal
The PEON power
Demon-cracy
My Republica e-Paper.
Market
  Forex
  Stocks
 
Phalano by Rajesh KC
Cartoon Archive »  

Archives
  Daily News
  Photo Gallery
Monday WEATHER
KATHMANDU
Thunderstorms
Low 17oC
High 27oC
Sunrise 5:12 am
Sunset 6:49 pm
 
 
  Govt failed to get Rs 5.5b reimbursed from donors  
 

REPUBLICA

KATHMANDU, Nov 12: The government has failed to secure reimbursement of expenditure worth Rs 5.5 billion from different donors as it did not mention the contribution of external assistance in the overall cost of some ongoing projects in the budget over the past few years.

“We won´t be getting reimbursement amounting to Rs 5.5 billion from different donor agencies as the finance ministry failed to clarify the exact contribution of donors in the projects that are being implemented for the past few years,” Narayan Niroula, under secretary at the Financial Comptroller General´s Office (FCGO), said.

According to Niroula, the situation emanated as the government drafted budget for projects in the fiscal plans of different years in the past without matching it with the agreements that it had inked with the donors. “Most of the projects in which the government is losing the reimbursement are in education and health sectors,” he added.

The government had prepared budget for some of the projects in those sectors without matching the commitment of the donors for the fund to implement them. “It´s a cumulative figure inherited over the past few years," Niroula said.

According to Niroula, the government is losing Rs 500 million as it failed to request concerned donor for reimbursement in time.

Most of the donors from whom the government failed to secure reimbursement are in the ´pool fund´ of the World Bank, he said.

Meanwhile, Public Expenditure and Financial Accountability (PEFA) Secretariat under the FCGO has alleged that the government was performing poorly in management of public expenditure.

"The government is losing fund from donors due to its inefficient management of income and expenditure as per the agreement with donors,” Mahesh Prasad Dahal, joint financial comptroller general, said at an interaction organized by Society of Economic Journalists-Nepal (SEJON) on Sunday.

“It is high time the government work seriously toward ensuring the effective handling of external assistance."

 
Published on 2012-11-12 03:34:20
# # [Facebook] [Slashdot] [Digg] [Reddit] [del.icio.us] [Technorati] [Google] [StumbleUpon]

 
 

PLEASE DESIST FROM ATTACKING THE WRITER PERSONALLY AND BE RESPECTFUL TO OTHER READERS.

Please give your full name while posting your comments. This is not to stifle the free flow of comments but your full name will enable us to print the comments in our newspaper.

 

Govt Failed To Get Rs 5.5b Reimbursed From Donors
Comment on this news #
Name
Email
Comments
   
261
 
   
 
 
Related News
More on Business & Economy
About us  |  Contact us  |  Advertise with us  |  Career   |  Terms of use  |  Privacy policy
 
Copyright © Nepal Republic Media Pvt. Ltd. 2008-10.