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Madhav Government Distributing Money Indiscriminately
By KTM Metro Reporter
June 14, 2010: the Madhav government has decided to distribute Rs 720 million to various projects following the recommendation of the legislators belonging to the ruling political parties according to the news posted on nepalnews.com on June 14, 2010.
The Nepalese fiscal year ends on July 15, 2010. Even the money the government has released to the projects would be frozen after the end of the fiscal year. They cannot use the leftover money. They need to get new money from the Ministry of Finance in the new fiscal year.
However, releasing the money just one month before the end of the fiscal year, the Madhav government has shown that it does not need to follow the rule of law. During a remaining month of the ongoing fiscal year 2010, none of the projects could use the money following the rule of law, as bidding for any work of more than a million rupees is required one month time; fifteen days for any work less than a million rupees worth of job.
