The Finance Ministry’s FY 2083/84 transfer book allocates Rs. 424.28 billion to provinces and local levels through equalization, conditional, special and matching grants.
The Appropriation Bill, 2083 authorizes federal spending for FY 2083/84 and sets rules for budget release, transfers, grants, project implementation and financial discipline.
The government has proposed a bill allowing it to raise up to Rs. 410 billion in public debt for implementing the FY 2083/84 budget.
Nepal and Japan have signed an additional concessional loan agreement worth about Rs. 5.26 billion for the Nagdhunga Tunnel Construction Project.
The Beruju Clearance Monitoring Committee’s annual report says Rs. 39.60 billion in arrears was cleared or adjusted in FY 2081/82, while ministries were asked to clear at least 60 percent of outstanding beruju by Asar 2082.
Finance Minister Dr. Swarnim Wagle presented the budget statement for fiscal year 2083/84 at the joint meeting of the Federal Parliament. The government has announced
The recommendation committee has shortlisted four candidates for Nepal Securities Board chairperson and scheduled their presentations and interviews at the Finance Ministry.
The Finance Ministry has amended the supplementary grant procedure to update rules on project approval, cost estimation and recommendations.
The Finance Ministry has invited suggestions on a draft bill aimed at strengthening Nepal’s anti-money laundering and counter-terrorist financing laws.
Finance Minister Dr. Swarnim Wagle met an APG delegation and discussed Nepal’s progress after being placed under FATF increased monitoring.