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The Economic and Finance Committee presents the Review Report on National Budget for Financial Year 2018-2019

Posted on :11 January 2019

The Chairperson of the Economic and Finance Committee, Member from Athang-Thedtsho Constituency presented the review report on the National Budget for Financial Year 2018-19 today. The Chairperson presented the Terms of Reference of the Committee, Consultation with Stakeholder, Compliance of the Budget Report with the provision of relevant laws, Observations of the Committee on Macroeconomic Performance and Outlook and Budget Estimate for FY 2018-19 and Five Recommendations of the Committee. 

 

During the deliberation on the First Recommendation, the House with show of hands unanimously decided that Nu. 367 million proposed as equity to Revolving Funds I and II will not be diverted to Water Supply and Rural Roads as proposed by the Committee.

 

With regard to the increased budget allocation to the Local Government in the 12 FYP,  the Committee recommended  that capacity development to LG leaders on planning, budgeting, financial management and empowerment of public in monitoring and evaluation of development programs and adequate human resources be provided to ensure that that development activities are completed effectively by the Local Government. The House unanimously with show of hands endorsed the Second Recommendation of the Committee.

 

The House will continue deliberation on the report on Monday.

 

The report of the Committee is attached.

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