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Finance ministry directs govt offices to auction unused vehicles, seek approval for new purchases
July 18, 2024 22:00 pm
KATHMANDU, July 18: The Ministry of Finance (MoF) has stepped up efforts to tighten the noose on unproductive expenditure being made on purchase of new vehicles by the government offices.
Promote a culture of fiscal prudence
June 20, 2024 07:30 am
The recent report from the Financial Comptroller General Office (FCGO) has revealed a stark reality that the government's reserve fund has plummeted to a negative of Rs 204 billion as of mid-June. This fiscal decline, driven by excessive expenditures surpassing low receipts, underscores the urgent need for decisive action to restore financial stability.
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