Kathmandu: As many as 117 new projects have been entered in the national project bank (NPB). The Economic Work Procedure and Financial Accountability Regulation, 2077 has mandated the budget allocations to the projects which are entered in the NPB. The secretariat of Chairperson of the National Planning Commission, Dr. Shivaraj Adhikari, shared the information that the projects were entered in the NPB before unveiling the budget for the fiscal year, 2082/83.
According to National News Agency Nepal, the NPC had issued the NPB (Operation and Management, 2081) Standards in February earlier. It has stipulated the compulsory entry of new projects before the end of year, Chaitra. However, the deadline could not be met, so it was extended till May 27, two days before the launch of budget for the coming fiscal year.
By May 27, the management information system of NPB recorded the entry of a total of 1,327 projects. Among these, 1,141 have a cost of Rs 30 million, while 79 range from Rs 30 to 50 million, 44 range from Rs 50 to Rs 100 million, and 23 range from Rs 100 to Rs 1 billion, the secretariat added.
Most of the projects (19) costing over Rs 1 billion are related to the Ministry of Physical Infrastructures and Transport. Similarly, the Ministry of Education, Science and Technology has such projects numbering 11. Of the total projects, 117 (8.81 percent) are new ones, while 89 (6.70 percent) are in sequence and 1,121 (84.47 percent) under the study phase.