Only after first consulting with others is correspondence intended to progress the multi-year contract agreement procedure.
In a letter, the Ministry of Finance has requested that the multi-year contract agreement procedure only proceed after prior consultation with pertinent ministries and agencies. The Ministry of Finance has written to different ministries and organizations to ensure that resource management and budget implementation are efficient for the current fiscal year, according to Ministry spokesperson Mahesh Bhattarai.
Prior to requesting a multi-year contract agreement in the current year, the ministry has asked that a list of high priority projects with rapid outcomes and relatively greater monies allotted be prepared.
In a similar vein, the ministry has asked for an update and to supply the project's specifics as well as the total obligation. This will result in a payment requirement for the next year following the completion of the multi-year procurement procedure last year.
The letter states that a decision should be taken following the determination of the percentage of the total that will be allocated to multi-year liabilities in the upcoming year under the medium-term spending structure.
The Ministry is also asked to prepare and submit information about the projects finished in the previous fiscal year, the funds that were allocated in the budget but were frozen or money transfers were not requested, the unfulfilled payment obligations resulting from the aforementioned projects and programs not being included in the current fiscal year, and the specifics of the sources that can be managed.
Due to the lack of funding for the projects, programs, and activities included in the current year's budget, the Ministry has also asked that the funds be transferred from the Ministry's allocation and sent with the option of resource management when requesting resource assurance or additional allocation.
The Ministry has requested that all projects and programs included in the current year's annual program budget be identified as having not been planned ahead of time, being unable to be implemented right away, and not being cost-effective because of a very low budget allocation relative to the costs.
Artha has requested information regarding the amount paid for the fiscal year in accordance with item number 50 of the Budget Implementation Guideline and the amount that was insufficient to be paid in accordance with that item. Similarly, the ministry has written to offer the details of the additional budget required for the same project in the current financial year and the resources that can be moved to manage it due to the fulfillment of the obligations from the previous financial year.