Public Accounts Committee seeks non-budgetary transfer details
KATHMANDU:
Public Accounts Committee under legislature parliament today directed Finance Ministry, Financial Office of Comptroller General and Nepal Rastra Bank to provide the details of decision regarding transfer of non-budgetary amount under revenue head.
In its decision, the committee has directed the authoprities to submit all the decisions, letters and details of budget amount along with the decision of revocation its earlier decision taken by the Finance Ministry.
After the success of meeting revenue target for four consecutive years, the government this fiscal year has failed to meet revenue target prompting it to transfer the non-budgetary amount to revenue.
The budget had targeted to mobilise Rs 216.64 billion revenue in the current fiscal year, but the Finance Ministry could mobilise only Rs 180 billion by June 24. Alarmed by shortfall in revenue collection, the finance secretary recently had transferred
Rs 1.84 billion non budgetary income into revenue to show increase in revenue mobilisation.
Similarly, the committee has also decided to invite secretaries from different ministries to take stock of the state of capital expenditure.
“The government has failed to spend capital expenditure which was earmarked through budget,” lawmakers said, adding that the concerned ministries should give the reason for not delivering proposed project on time.
The Public Accounts Committee also directed the ministries to provide details of foreign trips by the high level government officials.
“It is found that large number of government officials have gone for foreign juncket at once halting the services,” the committee’s secretary Som Bahadur Thapa said, adding that unnecessary visit from high level officials should be stopped for the better service delivery and to maintain transparency.
Source: THT
Public Accounts Committee under legislature parliament today directed Finance Ministry, Financial Office of Comptroller General and Nepal Rastra Bank to provide the details of decision regarding transfer of non-budgetary amount under revenue head.
In its decision, the committee has directed the authoprities to submit all the decisions, letters and details of budget amount along with the decision of revocation its earlier decision taken by the Finance Ministry.
After the success of meeting revenue target for four consecutive years, the government this fiscal year has failed to meet revenue target prompting it to transfer the non-budgetary amount to revenue.
The budget had targeted to mobilise Rs 216.64 billion revenue in the current fiscal year, but the Finance Ministry could mobilise only Rs 180 billion by June 24. Alarmed by shortfall in revenue collection, the finance secretary recently had transferred
Rs 1.84 billion non budgetary income into revenue to show increase in revenue mobilisation.
Similarly, the committee has also decided to invite secretaries from different ministries to take stock of the state of capital expenditure.
“The government has failed to spend capital expenditure which was earmarked through budget,” lawmakers said, adding that the concerned ministries should give the reason for not delivering proposed project on time.
The Public Accounts Committee also directed the ministries to provide details of foreign trips by the high level government officials.
“It is found that large number of government officials have gone for foreign juncket at once halting the services,” the committee’s secretary Som Bahadur Thapa said, adding that unnecessary visit from high level officials should be stopped for the better service delivery and to maintain transparency.
Source: THT
