The Himalayan Times 29 November 2012 The existing funding system in Nepal in relation to the development projects requires to be revisited in terms of its effectiveness and traditional standard. This system lacks accountability and transparency. As a result, a big portion of funds that are disbursed for the development projects are misappropriated thus hampering the quality achievement of such projects. Also, the targeted beneficiaries of the project are deprived from the intended objectives. It was great opportunity for me and should also be for other readers to read Krishna B. Joshi’s article “Performance-based funding” (THT, 27 Nov, Page 9) that clearly depicts the picture of existing funding system of development projects in Nepal . Unless the program budgeting system (PBS) is properly practiced and implemented for community based development projects, there remains to be less chances of its real impact at the grass root level. For program budgeting, every detail of...
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