It’s been over half a century since Nepal initiated the planned development process. While a lot has been achieved, there are still few anomalies in the process that requires fixing. One of the issues has been the disconnect between periodic plans and annual budgets. Projects that are prioritized in the periodic plans do not materialize if annual budgets do not allocate required resources. Funds allocated for multi-year projects get redirected elsewhere on an ad-hoc basis.
In Nepal, there are several instances to show how this disconnect between plans and budgets has hampered the speed of development, incurred economic losses, and fueled public frustrations. Such a trend in public spending promotes financial indiscipline, and hampers efforts to achieve the Sustainable Development Goals.
There has to be a solution. This video attempts to put into perspective the GON effort to institutionalize SDG-responsive programing and budgeting.