Nepal finds itself under the critical scrutiny of analysts and economists, who decry its inability to curtail unnecessary expenses in the wake of sluggish revenue collection. As the nation grapples with a soaring public debt, experts are urging the government to take austerity measures to safeguard public finances and foster sustainable economic growth.

KATHMANDU, March 4: Analysts and economists have criticized the government for its failure to remain within the framework of its announced austerity measures such that it has adversely affected the economic growth rate while raising the public debt significantly.

KATHMANDU, Dec 7: The Finance Committee under the parliament has directed the Nepal Telecommunications Authority (NTA) to submit the details with factual information within 15 days on the issues relating to sale of Ncell shares.

The parliamentary committee’s inconsistent decision has been alleged for suspected financial irregularities

KATHMANDU, Aug 3: The Finance Committee of the House of Representatives (HoR) recently convened a meeting to address the pressing issue of fertilizer demand and supply in the country. During the meeting, the committee confirmed the data on the actual demand for fertilizers and acknowledged the existing gap between demand and supply.

KATHMANDU, June 20: The House of Representatives’ Finance Committee has issued directives to the bodies concerned to move ahead the stalled process to issue licenses to stock brokers and stock dealers.

KATHMANDU, May 16: The first meeting of the Finance Committee under the Federal Parliament took place on Tuesday.  The committee members discussed the activities to be carried out by the government through policies, programmes and budget of the upcoming fiscal year for improving the current situation of the economy.

KATHMANDU, Dec 12: The Nepali Congress (NC) has managed to collect over RS 30 million in donations to conduct its 14th General Convention, currently underway in the capital. According to a member of NC’s finance committee formed by the party’s central committee, as much as Rs 20 million is yet to be collected.

KATHMANDU, August 20: The Finance Committee under the House of Representatives has directed the government to carry out an investigation immediately into the alleged involvement of some office-bearers of the Securities Board of Nepal (Sebon) and Nepal Stock Exchange (Nepse) in the share market and take action against them.

KATHMANDU, May 18: The Finance Committee under the House of Representatives has endorsed the report containing suggestions collected from various parts of the country on the upcoming budget.

KATHMANDU, May 9: A group of lawmakers, economists, industrialists, businesspersons and journalists has given suggestions for the upcoming budget.

KATHMANDU, May 9: People across the country want the upcoming budget to focus on economic growth and sustainability, a survey carried out by parliament’s Finance Committee shows.

KATHMANDU, March 13: The Finance Committee of parliament has concluded that a five-year cooling period should be fixed for the CEO of Investment Board Nepal (IBN) to join any company and project implemented by the board.

KATHMANDU, Jan 30: The parliament's Finance Committee has directed Nepal Telecom (NT) to complete 4G expansion project within a year.

KATHMANDU, Dec 12: Sitting and former finance ministers are in agreement on the possible measures to rescue the current share market from plunging further.

KATHMANDU, Oct 7: The Finance Committee of the House of Representatives has directed the Finance Ministry to ensure that expenditure is more than 60 percent in the second quarter, 90 percent till mid-June and remaining 10 percent by mid-July after completing the contract process within mid-December.