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Friday Nov 22, 2024

Projects of Rs 150 billion to receive supplementary, special grants


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2023 Feb 28, 9:28, Kathmandu
Representative Illustration (Photo: Pix4free/Google)

The provinces and local levels have proposed as high as 4,500 projects with an estimated budget worth Rs 142.43 billion to receive supplementary and special grants for the fiscal year 2080/081 BS.

According to the National Planning Commission (NPC), the local governments have forwarded a total of 4,546 projects with an estimated budget of Rs 115.43 billion.

Likewise, the provinces have proposed 211 projects seeking Rs 27 billion to implement those projects in the upcoming fiscal year.

Of the proposed projects from the local and provincial governments, the new projects carry a budget estimation worth Rs 121.71 billion while projects worth Rs 20.65 billion are ongoing projects.

As sought by the local and provincial governments, Rs 50.41 billion is demanded under the special grant while Rs 71.26 billion is for a supplementary grant for the new projects.

The Supplementary Grant (Third Amendment) Procedure, 2077, and the Special Grant (Third Amendment) Procedure, 2077 BS mention the federal supplementary and special grants under which the federal government allocates budget to the province and local governments each year.

The NPC has entered those proposed projects into its system for project analysis and selection purposes after receiving the proposals from the province and local governments.

A team led by an NPC Member shall select the projects and programs after their thorough assessment based on the parameters given by the procedures.

For the selection of the projects, their feasibility estimated cost, and outcomes should be considered and the projects that generate compulsory liability on the part of the government would also be prioritized.

Sectoral priorities are also considered for the selection of new projects, it is said.

The provinces were given the timeline of mid-February to propose the projects and programs under the federal supplementary and special grants while the local levels were to submit such projects by mid of January.

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Projects Rs 150 billion receive supplementary special grants National Planning Commission
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