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National Planning Commission (NPC) of Nepal is advisory body for formulating development plans and policies of the country under the directives of the National Development Council of the government of Nepal. [1] [2] [3] It is the apex advisory body of the Government of Nepal for formulating a national vision, periodic plans and policies for ...
Ministry of Finance (Nepali: अर्थ मन्त्रालय) is the central authority of Government of Nepal charged with the responsibilities for maintaining both micro and macro economic stability in the country. The position of finance minister in Nepal has been held by Barsaman Pun since 6 March 2024. [1]
The Ministry of Federal Affairs and General Administration (Nepali: सङ्घीय मामिला तथा सामान्य प्रशासन मन्त्रालय), (MoFAGA), is the ministry of Nepal that supervises activities undertaken by the local governments in Nepal. It also regulates and manages the civil service.
Budget Call issued to outline the presentation form, recommend certain goals. Budget Formulation reflecting on the past, set goals for the future and reconcile the difference. Budget Hearings can include departments, sections, the executive, and the public to discuss changes in the budget. Budget Adoption final approval by the legislative body.
The Ministry of Federal Affairs and General Administration (Nepali: सङ्घीय मामिला तथा सामान्य प्रशासन मन्त्री) is the head of the Ministry of Federal Affairs and General Administration of the Government of Nepal. [1]
Zero-based budgeting (ZBB) is a response to an incremental decision making process whereby the budget of a given fiscal year (FY) is largely decided upon by the existing budget of FY-1. In contrast to incrementalism , the allocation of scarce resources—funding—is determined from a zero-sum accounting method.
Five-Year Plans of Nepal generally strove to increase output and employment; develop the infrastructure; attain economic stability; promote industry, commerce, and international trade; establish administrative and public service institutions to support economic development; and also introduce labor-intensive production techniques to alleviate underemployment.
One of the senior-most officers in the Federal Cabinet, the finance minister is responsible for the fiscal policy of the government. A key duty of the Finance Minister is to present the annual federal budget in Parliament, detailing the government's plan for taxation and spending in the coming financial year. Through the Budget, the finance ...