Enhancing Fiscal Discipline, Advancing SDGs
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.