Press "Enter" to skip to content

Posts tagged as “soar amid”

Pension office short of Rs20 billion as liabilities soar amid drop in revenues

by Prithvi Man Shrestha in The Kathmandu Post, Jan 23, 2023The Pension Management Office is facing a shortfall of around Rs20 billion to distribute pensions in the current fiscal year with the government allocating far less budget than required. As the government failed to increase the budgetary allocation in line with the salary increment announced through the budget, the Pension Management Office has a shortfall of resources. The government increased the basic salary of public…