Government Revises Criteria for Multi-Year Project Contracts and Funding Approvals
Summary
The government has revised criteria for contracting and funding approvals of multi-year projects, moving deadlines earlier for source agreement recommendations and decisions by the National Planning Commission and the Ministry of Finance.
Key Points
- The government revised the criteria for source agreements related to multi-year projects under the new 'Criteria for Source Agreement of Multi-Year Projects, 2082'.
- The National Planning Commission must now recommend project proposals to the Ministry of Finance by Mangsir 15, earlier than the previous deadline.
- The Ministry of Finance must decide on source agreements by Poush 15, based on budget frameworks and resource availability, moving the deadline earlier.
- A special arrangement allows ministries/agencies to submit proposals by Poush end for the current fiscal year, with recommendations by Magh 15 and approvals by Ministry of Finance by Magh end.
