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Revenue collections, expenditures fail to meet targets in FY 2023-24

Kathmandu, July 16 : In the fiscal year 2080-81 BS (2023-24), the government's revenue and expenditure fell short of annual targets. According to the Office of the Auditor General, revenue collection reached 74.29% of the total target, while budget expenditures amounted to 80.44%. For the fiscal year, the government had

IDA meeting to take place in Kathmandu from June 18

A meeting of the World Bank Group's International Development Association (IDA) is taking place in the federal capital, Kathmandu, from

Government will not let down private sector: Finance Minister Pun

Finance Minister Barsha Man Pun has made it clear that nothing would be done from the government side, discouraging the

Risk-bearing vital for economic achievements: Finance Minister Pun

Finance Minister Barshaman Pun has said the cooperation of former administrators and economic experts is needed to make the budget

Investment Summit charting a path towards sustainable economic growth: Finance…

The government is committed to collaborating with the private sector through private direct investment and various other models of public-private

Country spends one-third of capital expenditure in nine months

The capital spending in the country till the third quarter of the current fiscal year is just 32.24 percent of

Finance Ministry’s second quarterly review shows average results

In the review meeting, Finance Minister Barshaman Pun had shared that the public finance management was under pressure. He directed

Finance Ministry forms taskforce to study problems of microfinance

The Ministry of Finance has formed a seven-member taskforce to identify problems surfaced in microfinance sector and recommend the resolving

Budget calendar amended ensuring the budget more realistic

The Fiscal Procedures and Financial Responsibility Act-2076 BS has been amended through ordinance ensuring some new changes in the provisions

Govt. releases Rs 1.41 billion to build temporary residence for…

The government has released Rs 1.41 billion for the building of temporary residence facility for those who were rendered homeless