NAST: Nepal’s science and technology academy is troubled by inadequate funds and wrong priorities
english.onlinekhabar.com · Thu May 25 03:15:00 GMT 2023
The 60th annual report by the Office of the Auditor General has highlighted that the Nepal Academy of Science and Technology (NAST) has failed to make the expected progress in the field of science and technology. It failed because it spent more budget on administrative work than on research.
In the fiscal year 2021/22, the academy spent only 51 per cent of the money from the total budget. Out of Rs 339.2 million, it spent Rs 200 million. The recurrent expenditure rate is 95 per cent and the capital expenditure rate is only 65 per cent.
Read full story at source (english.onlinekhabar.com)