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New plan to boost government spending efficiency

February 18, 2025 7:30 am

[Photo: Supplied]

The government is moving on with a plan to spend its money more effectively across all ministries.

This comes after it was revealed in parliament that the government did not use $246 million in last year’s budget.

Acting Prime Minister and Minister for Finance Biman Prasad stresses that his plans will better manage government funds overall, with greater transparency.

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He adds the National Planning Office, in collaboration with the Monitoring and Evaluation Unit is already working with various ministries to develop an accessible plan.

Planning office is also keeping a close tab on the expenditure, on the proper use of funds for infrastructure projects and looking at value for money, which obviously was missing in a big way over the last decade or so in this country.”

Prasad says there are legacies from the past years, but now there is a determination to spend all allocated funds.

The Finance Ministry reiterates that moving forward, the focus will be on ensuring that every dollar is spent wisely for a sustainable development.

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