Projects under the rolling fund will reduce bureaucratic bottlenecks, which often slow down implementation. This will also eliminate low-quality schemes and lobbying for unnecessary or irrelevant projects, according to a decision of the planning ministry last month.

The decision says while implementing and reviewing the Three Years Investment Programme (TYIP), authorities should hold uninterrupted dialogues with the stakeholders or beneficiaries of the projects.

The government is adopting the TYIP to achieve the goals set by the donors-prescribed Poverty Reduction Strategy Paper (PRSP) and the Millennium Development Goals (MDG) set by the United Nations by 2015, the planning ministry says.

The ministry has identified 429 such projects that can be placed under the rolling programme and is now working on identifying up to 1,600 such projects which will be drafted into the next year's ADP for a three-year term.

The ministry has informed other ministries of the decision and how it will be complied.

In the first year, the TYIP will specifically cite the budget, both development and revenue, required for its projects and indicate how many more budgets will be required in the next two years.

The finance ministry also plans to have a combined budget for at least four ministries from the next fiscal year, which will outline both revenue and development spending. The four ministries are education, social welfare, women and children affairs, and agriculture.

The government is mulling over the move to fulfil a World Bank condition for releasing third tranche of the Development Support Credit.