HELLO NEPAL

The Himalayan Times 21 July 2022 People’s frustration Political changes in some parts of the globe are disturbing and worrisome, considering the social and economic impacts being faced by the common people. The visual effects of the COVID-19 pandemic and bad governance are among other factors destabilizing nation, resulting in the collapse of the government. Growing dissatisfaction among the people towards the performance of their governments, who failed to address their hardships, could be disastrous for the democratically-elected government. That was what happened in Sri Lanka where the highly influential leaders, who were democratically elected and responsible for running the government, undermined the accumulated frustration of the common people over the last one decade, resulting in thousands of people coming out to the streets to express their frustration.   Crises like these do not just happen overnight, they are the result of decades of mal-governance by leaders w...

  The Himalayan Times 14 July 2022 Missed opportunity One might be surprised to know about the government’s capital spending capacity dramatically increases towards the end of any fiscal year. All the government ministries, departments and their subordinate offices become very active in spending their annual budget allocated for the development projects with the approach of the end of the fiscal year. We see this trend continuing every fiscal year despite the Auditor General Office’s (ADG) repetitive objection while auditing their annual operations. However, the government and its bodies have failed to abide by this financial rule and continue to disburse the budget haphazardly in the last month and week of the financial year. In accordance with the Financial Comptroller General Office (FCGO), the government had spent Rs 1.238 trillion (75.81 %), out of the total allocated budget of Rs 1.633 trillion, for this fiscal year. As per the existing financial rules, the capital b...