KATHMANDU, Feb 7: The Ministry of Finance has requested for details of grants spent by all local levels.
The planning, monitoring and evaluation division of the ministry has asked the local units to provide the grant details within 15 days. While the central government's account is in a deficit of Rs 143 billion, the accounts of the provincial and local levels are in surplus.
Local levels give ultimatum of seven days to MoF to rectify red...
Anand Kafle, spokesperson for the Ministry of Finance, said that details have been requested to get information about how the local levels are using the grant money.
When sending the details, the local levels should clearly mention the headings under which the grants have been spent. All the details should be sent including the agency, person, firm and organization receiving the subsidized amount and its impact on production, productivity increase, employment etc.
The central government provides grants under four headings. These include complementary, equalizing, conditional and special grants. Under these headings, the government has allocated Rs 429 billion for the province and local levels this year. The ministry has asked for details to study the effectiveness of the grants.
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