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Ministry of Finance (Nepal)

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mof.gov.np

Ministry of Finance (Nepal)

Ministry of Finance 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 is currently held Bishnu Prasad Paudel.

Contents

Mandate

  • Formulation, implementation, monitoring and evaluation of economic and revenue policy, financial administration and control of plans and programmes.
  • Financial analysis.
  • Allocation of economic resources.
  • Currency, determination and implementation of monetary policy.
  • Nepal Rastra Bank (Central Bank), Banking (Including Nepal Industrial Development Corporation), Fiscal institution and insurance.
  • Revenue and expenditure (Budget).
  • Revenue policy and plan.
  • Revenue administration and revenue collection
  • Revenue investigation.
  • General Price Policy.
  • International relation and coordination for social and economic development.
  • International relation and co-ordination relating to economic, banking and currency sector.
  • Foreign loan, grant and other bilateral and multilateral aid.
  • Foreign currency exchange and control.
  • Public debt and control.
  • Salary, allowance, daily and travel allowance, pension, gratuity including economic liability and matters relating to other facilities.
  • Regulation, control, co-ordination and direction and formulation of policy relating to salary, allowance, bonus, investment and dividend of public sector corporations .
  • World Bank, International Monetary Fund, Asian Development Bank, International Development Organization and other International Financial Institutions.
  • Management, operation and administration of Government Fund.
  • Accounts control and management.
  • Privatization, Monitoring and regulation of public enterprises.
  • Administration, policy making and coordination of public sectors corporations.
  • Revenue and revenue administration training.
  • Capital Market.
  • Public Investment.
  • Office of Auditor General.
  • Employee Provident Fund.
  • Citizen Investment Trust.
  • Public Enterprises Direction Board.
  • Money laundering.
  • Relating to Youth self-employment.
  • Retirement Fund.
  • Operation of Nepal Audit service.

    • Structure & Departments

    The Ministry of Finance consists of the following six Departments.

  • Office of the Financial Comptroller General: It is the main government agency responsible for the treasury operation of Government of Nepal
  • Department of Customs
  • Inland Revenue Department
  • Department of Revenue Investigation
  • Revenue Administration Training Center
  • Department of Money Laundering Investigation

    • References

    Ministry of Finance (Nepal) Wikipedia
    (Text) CC BY-SA


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