Reforming Public Expenditure System

Prime Minister KP Sharma Oli and ministers have stated time and again that the overall macroeconomic indicators are on track and some signs of improvement are noticed in the realm of capital expenditure. However, revenue shortfalls and funds insufficiency to foot the arrears of the construction entrepreneurs show that all is not well in the area of capital expenditure. At a programme organised the other day, economists and development experts suggested that the government should implement cost-cutting measures, among others, to address the problems impairing the national economy. To this end, the government should take daring steps and even go to the extent of pruning the size of the state structures from the federal to the local level.