Nepal Government makes alternate arrangement for budget

July 9th, 2008 - 1:36 pm ICT by ANI  

Kathmandu, July 9 (ANI): The Nepal Cabinet has approved a Seven Party Alliance (SPA) decision allowing the Government to make alternate arrangement for budget of the coming fiscal year, which begins from mid-July.
As the government is unable to present a full-fledged budget this year, it will bring an advance appropriation bill allowing it to spend up to one-third of the total expenditure of the current fiscal year.
Likewise, the government will also be allowed to collect revenue for the time being.
The revenue and expenditure thus collected and incurred will later be adjusted in the full-fledged budget, which will be tabled at the Constituent Assembly, Nepalnews reported. (ANI)

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