June 1: Ministry of Finance (MoF) has started preparation for the implementation of the budget for the upcoming fiscal year (2021/22).

According to MoF officials, the MoF has begun the preparation for the budget implementation immediately after unveiling the estimate of revenue and expenditure. 
Earlier on Saturday, Minister for Finance Bishnu Prasad Paudel had introduced the budget for the upcoming fiscal year through an ordinance.  
MoF officials say that the early preparation would lay a ground to bring desired results from the plans and programmes mentioned in the budget on time.
Finance Minister Paudel on Monday held a meeting with ministers, secretaries and other senior officials of various ministries to discuss the execution of the new budget, according to a statement issued by the MoF. Minister for Physical Infrastructure and Transport Basanta Nembang, Minister for Education, Science and Technology Krishna Gopal Shrestha, Minister for Communications and Information Technology Parbat Gurung along with secretaries were present in the interaction. 

Finance Minister Bishnu Prasad Poudel directed them to prepare a time-bound action plan as well as other guidelines and working procedures required for the implementation of the provisions, plans and programmes introduced in the budget. 
He urged the senior officials to make preparation that will allow them to  implement the budget from the beginning of the upcoming fiscal year. The new fiscal year begins from July 16.  
“We are serious on implementing the budget. I urge you all to move forward with a clear timetable from the beginning to the completion of plans and programs,” the statement quoted Finance Minister Poudel as saying. “The ministry will assist, coordinate and facilitate the implementation of the budget.”
Stating that it is important to pay special attention to the implementation and its results, Finance Secretary Shishir Kumar Dhungana said that the MoF will look after the management of resources for the projects and programmes included in the budget.

The MoF plans to hold discussions with various ministries and agencies on budget implementation regularly, according to the statement.