Slow collapse of Nepal’s financial discipline

mypeoplesreview.com · 6 days ago

Nepal's public finances are facing a slow collapse, with arrears reaching Rs 755 billion, an increase of Rs 88.09 billion in one year, according to the Office of the Auditor General. The problem stems from government offices spending, delaying settlements, bypassing procurement discipline, and pushing liabilities into the future, a pattern that repeats annually with increasing figures. The Ministry of Finance bears over 70 percent of the total burden, indicating systemic dysfunction rather than isolated mismanagement, driven by weak discipline, weak capacity, and strong political interference.