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Projects Run on Foreign Assistance Slow off the Marks

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Projects Run on Foreign Assistance Slow off the Marks
Projects Run on Foreign Assistance Slow off the Marks

Kathmandu, 28 Feb, 2015 : The progress of the projects run on foreign assistance has been found slow off the marks.

 

It was revealed so after the government made public the mid-term review of the projects run on foreign assistance under various ministries.

 

Projects Run on Foreign Assistance Slow off the Marks
Projects Run on Foreign Assistance Slow off the Marks

A total of Rs 73.38 billion was allocated for the current fiscal year, but so far, only Rs 6.17 billion has been spent.

 

Compared to the same period of the last year, Rs 10.17 billion was spent in the projects run with the foreign assistance.

 

Finance Minister Dr Ram Sharan Mahat has directed the project chiefs and the related bodies to augment the spending in view of the project goals. It was quite disappointing that less than five percent of the allocation was spent till the mid term of the fiscal year, he added.

 

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