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Rs 37 billion pledged under foreign loans, grants not received

Kathmandu: The government is short of almost Rs 37 billion which has been allocated for the projects and programmes in the country’s annual budget, and to be doled out by receiving foreign loans and grants. In a report submitted to the Ministry of Finance by the Finance Comptroller General Office

Nepal, ADB sign agreement for Rs 12.14 billion horticulture project

The government and the Asian Development Bank (ADB) have reached an agreement for the investments in the nuts and fruits

Prime Minister Deuba lawmakers
PM Deuba to look after Ministry of Finance

President Bidya Devi Bhandari has designated Prime Minister Sher Bahadur Deuba to look after the Ministry of Finance as well.

Budget for next fiscal year to focus on economic revival,…

KATHMANDU: The government is preparing the budget for the Fiscal Year 2022/23, keeping the revival of the country’s economy badly

Finance Ministry issues directive to reduce budget for fuel by…

KATHMANDU: The Ministry of Finance (MoF) has issued a directive to different ministries, agencies and public agencies to reduce fuel

World Bank
World Bank to provide Rs 18 billion to strengthen Nepal’s…

KATHMANDU: The World Bank is to provide Rs 18 billion under the Finance for Growth development policy credit to strengthen

Janardan Sharma
Cash margin on import to address challenges in economy: Minister…

KATHMANDU: Minister for Finance Janardan Sharma asserted that the government imposed cash margin on the import to address the challenges

Janardan Sharma
Finance Minister Sharma directs Investment Board to proceed big projects

KATHMANDU: Finance Minister Janardan Sharma has directed the Investment Board Nepal (IBN) to take big projects ahead by creating capital

Rs 40 billion sought for election: Minister Sharma

Although the government has allocated only Rs 10 billion in the current budget for the election, additional Rs 40 billion

Bishnu Poudel
Budget size slashed; spending target limited to Rs 1,344 billion

KATHMANDU: The government has made amendment to the annual estimates of income and expenditure or budget of the current fiscal