Finance Minister Bans 'Pocket Plans' in Budgeting
Summary
Finance Minister Dr. Swarnim Wagle has banned 'pocket plans' in the upcoming fiscal budget, enforcing a system where projects must be routed through respective ministries aligned with national plans. The government aims to cut unproductive projects and allocate sufficient funds to complete ongoing major projects.
Key Points
- Finance Minister Dr. Swarnim Wagle has banned the inclusion of 'pocket plans' in the upcoming budget, requiring all projects to be routed through respective ministries.
- The government has cut projects worth approximately 119 billion rupees deemed unprepared or unproductive.
- Funds for national pride and high-priority projects cannot be reallocated to small fragmented schemes, ensuring budget discipline.
- Projects with 70-75% physical progress will receive sufficient budget to complete within the fiscal year, while new small projects with low progress will be re-evaluated.
