Capital Expenditure is the Responsibility of Respective Ministries: Finance Minister Paudel

Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel has stated that the responsibility for capital expenditure lies with the respective ministries. Speaking at a meeting of the Ministry-Level Development Problem Resolution Committee held at the Ministry of Finance, he said, “So far, the entire burden of capital expenditure has been placed on the Finance Ministry. However, the Finance Ministry’s role is to manage resources and facilitate. The responsibility for implementing the allocated budget and achieving expenditure progress rests with the concerned ministries.”

Minister Paudel directed employees to focus on clearing outstanding dues, facilitating foreign investment, mobilizing capital, adopting modern technology, and improving service delivery.

Acting Governor of Nepal Rastra Bank Neelam Dhungana noted that economic indicators suggest the economy is gradually stabilizing, emphasizing the need for financial stability. Finance Secretary Ghanashyam Upadhyaya stressed the importance of effective regulation and enforcement. Revenue Secretary Dinesh Kumar Ghimire highlighted the need to prioritize internal good governance.

Finance Ministry spokesperson Shyam Prasad Bhandari informed that the budget preparation process for the upcoming fiscal year is progressing as per the schedule.