Government of Nepal
Ministry of Finance
Ministry of Finance
Every government has its objectives of securing law and order as well as achieving economic development to raise living standards of its people. In these endeavor government frames policies, develops programs and projects and assigns functions to state institutions to perform. In order to carry out these functions Public Financial Management (PFM) plays a pivotal role which looks after financial spheres of the government. In its process of functioning PFM mainly functions through financial planning and programming, budgeting and revenue management, debt management, expenditure management and associated functions such as reimbursement, public procurement, accounting, recording as well as financial reporting. In addition, it also covers internal control and audit, final audit and external scrutiny. Through these functions, PFM aims to achieve aggregate fiscal discipline; develop a predictable, transparent and accountable financial governance system and institutionalize the good governance practices. Nepal has its own system and initiatives to strengthen PFM and enable government to achieve the goals of its development plan and state functions.
2023-12-26
