Optimising Public Resource Efficiency

Although overall macroeconomic indicators are claimed to be on track, revenue shortfalls and funds insufficiency to foot the ex-employees’ pension bill shows that all are not well in the domain of national economy. At a programme organised the other day, noted economists hinted at impending crisis in economy and suggested that the government should implement the 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 federal to the local level. In fact, the federal governance arrangement in Nepal has been structured by inter-tier assignment of the functions with national, provincial and local levels exercising their constitutionally assigned mandates and competencies.