Finance Ministry Unveils New Strategy to Boost Capital Expenditure

First-Quarter Fund Transfers Allowed: Breaking away from past rules that banned fund transfers in the first quarter and the final month, development ministries can now transfer funds across all quarters (within legal and budgetary limits).
No Contract Halts Due to Budget Shortfalls: To prevent tender delays caused by early-quarter cash crunches, ministry accounts officers can now revise budgets and quarterly program activities autonomously. (Note: Approval from the Ministry of Finance is still required if changing the funding source).
Greater Ministry Autonomy: Responsibility for budget execution has been handed directly to the respective ministries to make them more accountable under the Economic Procedures and Financial Accountability Act.

Conditional Grants: Line ministries can adjust funds/activities based on provincial ministry recommendations without altering annual targets.
Complementary & Special Grants: Adjustments or transfers will only be handled by the Ministry of Finance upon recommendation from the National Planning Commission (NPC).

Following last fiscal year's low capital expenditure rate (only 47%), strict deadlines have been set for unused funds:

Unspent or unlikely-to-be-spent budgets by mid-March 2083 must be officially surrendered to the Ministry of Finance by March 29, 2083.

Vehicles & Foreign Travel: Purchasing new four-wheeler vehicles and foreign travel strictly require prior approval from the Finance Ministry.
Project Duplication: If duplicate projects are detected in the Line Ministry Budget Information System (LMBIS), only one will move forward; budgets for the rest will be frozen.
Timely Guidelines: Any required project work procedures or guidelines must be finalized and published online by mid-July 2083.
Reporting Timelines: Local and provincial governments must submit conditional grant progress reports by November 29, March 29, and June 29.