Finance Minister holds discussion on replacement bill

Finance Minister Janardhan Sharma held discussions with the secretaries of the ministry regarding the replacement bill on September 27. Talks were held on effective implementation of new policies and programmes that have been included in the replacement bill and also those that were included in the budget announced by the previous government and have been given continuity. The minister urged implementation of development projects that have been included in the budget and subsequently increase the government’s capital expenditure. He also directed the secretaries to immediately prepare working guidelines for various projects and coordinate with other ministries on implementation of projects related to their ministries. Minister Sharma also directed the secretaries to prepare a monthly guideline of the responsibilities that have been assigned to them and work accordingly in completing those tasks in a time bound manner. He also mentioned that there would be no delay from the ministry regarding work related to development projects and capital expenditure. On the occasion, Dr Biswo Nath Poudel, Vice Chairperson of National Planning Commission, stated all the ministries would have to work in earnest to achieve the 7% economic growth target that has been set in the replacement bill. Meanwhile, Finance Secretary Madhu Kumar Marasini stated a monthly working guideline needs to be prepared for the common minimum programmes included in the replacement bill and all should work towards achieving that.