Friday, 1 December, 2023

Finance Ministry forwards proposal to slash Govt. fuel allowance


By TRN Online, Kathmandu, Apr. 11: Finance Minister Janardan Sharma has said that a proposal to cut the fuel allowance for government employees by 20 per cent has been forwarded to the Council of Ministers.

The finance ministry made the decision in view of the need for managing the consumption of petroleum products.

"Considering the present situation and the need for adopting economic measures, we have decided to slash the fuel consumption in the government agencies except for security, election, development and other essential services by 20 per cent, and we have sent the proposal to the Cabinet," finance minister Sharma said at a press meet today.

He said decisions related to discouraging imports of luxury goods, the establishment of an investment fund for the workers aboard for increasing remittance and a system of reservation in IPO and FPO for those working abroad have also been forwarded to the Cabinet for approval.