CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Auditor General Urges Government Agencies to Curb Rising Arrears and Uphold Fiscal Discipline

CEO Tab by CEO Tab
June 30, 2025
in Prime News
0
mahalekha-auditor-genera

OAG report paints bleak picture of country's fiscal governance

74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Amid rising concerns over increasing government arrears, Auditor General Toyam Raya has called on all public institutions to assume full responsibility and adhere strictly to audit policies to maintain fiscal discipline.

You might also like

Nepal’s Economy Projected to Reach Rs 6.6 Trillion, but Growth Slows to 3.85%

FNCCI Reschedules 60th AGM and Leadership Election for May 4 After Court Stay

NPC Says Upcoming Budget to Emphasize Governance Reform and Long-Term Economic Growth

Speaking at the 67th anniversary of the Office of the Auditor General (OAG) on Sunday, Raya emphasized that constitutional bodies, ministries, departments, provincial and local governments, and public enterprises must align their work with the state’s audit calendar and policies. “All government bodies have to fulfill their tasks on time and responsibly,” he said.

Key Findings from the Latest OAG Report:

  • Total arrears rose by 1.54%, reaching Rs 733.19 billion in FY 2023/24.
  • Mismatch expenditures amounted to Rs 91.59 billion during the year.
  • The Ministry of Finance alone conducted non-transparent transactions worth Rs 33.71 billion.

Breakdown of Audit Irregularities:

  • Federal level:
    • Audited: Rs 3.161 trillion across 3,093 offices
    • Irregularities: Rs 47.74 billion
  • Provincial level:
    • Audited: Rs 308.56 billion across 1,165 offices
    • Irregularities: Rs 4.20 billion
  • Local level:
    • Audited: Rs 1.118 trillion across 753 local units
    • Irregularities: Rs 25.3 billion

Legislative Perspective:

Rishikesh Pokharel, Chairperson of the Public Account Committee (PAC), said the problem cannot be resolved by parliamentary oversight alone. “Resolution lies in institutional accountability,” he stated, urging government agencies to act more responsibly.

The Way Forward:

Participants at the event recommended:

  • Capacity building of civil servants
  • Awareness programs on financial compliance
  • Strict monitoring and follow-up on OAG guidelines

The rising arrears reflect persistent issues in financial management, transparency, and accountability within public institutions. The OAG and PAC have reiterated that curbing these discrepancies requires institutional reform, coordination across all levels of government, and strong enforcement of audit recommendations.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Nepal’s Economy Projected to Reach Rs 6.6 Trillion, but Growth Slows to 3.85%

by CEO Tab
April 29, 2026
0
Nepal’s Second Economic Census to Begin on March 15

Nepal’s economy is projected to reach Rs 6.6 trillion by the end of the current fiscal year (FY), marking an increase of Rs 401 billion, according to preliminary...

Read more

FNCCI Reschedules 60th AGM and Leadership Election for May 4 After Court Stay

by CEO Tab
April 29, 2026
0
Nepal trails behind many countries in 13 global indices

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has announced that it will hold its 60th Annual General Meeting (AGM) and leadership elections on May 4....

Read more

NPC Says Upcoming Budget to Emphasize Governance Reform and Long-Term Economic Growth

by CEO Tab
April 29, 2026
0
NPC directs to carry out a feasibility study of tunnel in Myagdi

National Planning Commission (NPC) member Dr Sanjay Acharya has said the upcoming Fiscal Year (FY) 2026/27 budget will focus on strengthening good governance and laying the foundation for...

Read more

Nepal Launches One-Stop Digital Service Center to Streamline Investment Process

by CEO Tab
April 29, 2026
0
Investment Board to approve investment worth $10 billion  in 5 years

The Investment Board Nepal (IBN) has introduced a one-stop service center aimed at making investment procedures easier and more accessible for potential investors. The board has launched an...

Read more

Nepal’s Capital Gains Tax from Share Trading Falls by 36%

by CEO Tab
April 27, 2026
0
Govt collects CGT of Rs 4.23 billion in first month this FY

The government collected Rs 8.17 billion in capital gains tax (CGT) from share transactions during the first nine months of the current fiscal year, marking a 36.44 percent...

Read more
Next Post
India eyes on curbing export of basmati rice

Nepal’s Self-Reliance in Paddy Production Questioned Amid Rising Imports and Slow Yield Growth

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.