Money

Govt’s plan to defer transfers may hit fiscal federalism

The plan to institutionalise fiscal federalism has faced first big hurdle, as the Ministry of Finance is mulling over releasing the second tranche of grants to local bodies based on their fund utilisation capacity, a move that goes against the spirit of the constitution and may prevent formation of strong local governments. Govt’s plan to defer transfers may hit fiscal federalism
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Rupak D. Sharma
Published at : November 2, 2017
Updated at : November 2, 2017 08:29
Kathmandu


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