Ministry of Finance (Nepal)

Ministry of Finance
अर्थ मन्त्रालय
	Emblem of Nepal
Agency overview
Formed	1963; 58 years ago
Headquarters	Singha Durbar, Kathmandu
Minister responsible	Janardan Sharma, Finance Minister;
Website	mof.gov.np

Ministry of Finance is the central authority of Government of Nepal charged with the responsibilities for maintaining both micro and macro economic stability in the country. The position of finance minister in Nepal is currently held by Janardan Sharma, appointed on 13 July 2021.^[1]^[2]^[3]

The main gateway to Singha Durbar, inside which is the Ministry of Finance.

History[]

The predecessor of the Ministry of Finance of Nepal, the Ministry of Economic and Planning was established in 1963. In 1968, this Ministry was dissolved and the Ministry of Finance as well as the National Planning Commission of Nepal were set up. Ever since, the Ministry was the highest financial authority of Nepal.^[4]

Mandate[]

The mandate of the ministry includes the following: Formulation, implementation, monitoring and evaluation of economic and revenue policy, financial administration and control of plans and programs, Financial analysis, Currency, determination and implementation of monetary policy. Also it is responsible for the Central Bank of Nepal, Nepal Rastra Bank (Including Nepal Industrial Development Corporation) and co-ordination with the World Bank, the International Monetary Fund, the Asian Development Bank and other International Financial Institutions.^{[citation needed]}

Structure and departments[]

The Ministry is divided into several divisions:^[4]

Revenue Advisory Committee
International Economic Cooperation Co-ordination Division
Budget and Programme Division
Corporation Co-ordination and Privatisation Division
Revenue Administration Division
Economic Affairs and Policy Analysis Division
Administrative Division
Legal Division
Monitoring and Evaluation Division

The Ministry of Finance furthermore consists of the following six Departments:

Office of the Financial Comptroller General - the main government agency responsible for the treasury operation of the Government of Nepal
Department of Customs
Inland Revenue Department

Former Finance Ministers of the Kingdom of Nepal[]

This s a list of all former Finance Ministers of the Kingdom of Nepal and their appointments until 2008:^[5]

Subarna Shamsher Rana, February 1951
Kaiser Shumsher Jang Bahadur Rana, 1952
Matrika Prasad Koirala, June 1953
, January 1957
, July 1957
Subarna Shamsher Rana, May 1958
Rishikesh Shah, December 1960
Surya Bahadur Thapa, July 1962
, September 1968
Kirti Nidhi Bista, April 1969
Gehendra Bahadur Rajbhandari, April 1970
Kirti Nidhi Bista, April 1971
Bhekh Bahadur Thapa, July 1973
, April 1979
Surya Bahadur Thapa, May 1979
Yadav Pant, June 1980
Prakash Chandra Lohani, July 1983
, March 1986
Pashupati Shamsher Jang Bahadur Rana, April 1990
, April 1990
Girija Prasad Koirala, May 1991
Mahesh Acharya, December 1991
Bharat Mohan Adhikari, November 1994
Ram Saran Mahat, September 1995
Rabindra Nath Sharma, March 1997
Ram Saran Mahat, April 1998
Bharat Mohan Adhikari, December 1998
Mahesh Acharya, May 1999
Ram Saran Mahat, July 2001
, October 2003
Prakash Chandra Lohani, June 2003
Bharat Mohan Adhikari, June 2004
Madhukar Shamsher Rana, February 2005

Former Finance Ministers during the transition phase of Nepal[]

This is a list of former Finance Ministers of the Nepal during its transition phase (2008 - 2013):^[5]

SN	Name	Party	Assumed office	Left office
1	Baburam Bhattarai^[6]	Communist Party of Nepal (Maoist Centre)	NA	NA
2	Surendra Pandey^[7]	Communist Party of Nepal (Unified Marxist–Leninist)	25 May 2009	6 February 2011
3	Bharat Mohan Adhikari	Communist Party of Nepal (Unified Marxist–Leninist)	6 February 2011	4 September 2011
4	Barsaman Pun^[8]	Communist Party of Nepal (Maoist Centre)	4 September 2011
5	Shanker Prasad Koirala	independent	18 March 2013	11 February 2014

Former and current Finance Ministers since 2013[]

This is a list of all former Finance Ministers since the Nepalese Constituent Assembly election in 2013:

Key

- Current Finance Minister

SN	Name	Party	Assumed office	Left office
1	Ram Saran Mahat^[9]	Nepali Congress	25 February 2014	12 October 2015
2	Bishnu Prasad Paudel	Communist Party of Nepal (Unified Marxist–Leninist)	5 November 2015	1 August 2016
3	Krishna Bahadur Mahara^[10]	Communist Party of Nepal (Maoist Centre)	4 August 2016	31 May 2017
4	Gyanendra Bahadur Karki^[11]	Nepali Congress	7 June 2017	15 February 2018
5	Yuba Raj Khatiwada^[a]	Communist Party of Nepal (NCP)	16 March 2018^[13]	4 September 2020^[14]
6	Bishnu Prasad Paudel	CPN UML	14 October 2020^[15]	13 July 2021
7	Janardan Sharma	CPN (Maoist)	13 July 2021^[16]	Incubment

Notes[]

^ Khatiwada had to resign from his ministeral posts on 3 March 2020, as his two-year term in the Rastriya Sabha ended, however he was reappointed only on the next day.^[12]

References[]

^ "Ministry of Finance - Government of Nepal". www.mof.gov.np.
^ "MOF non cooperation halts".
^ "Law and order".
^ Jump up to: ^a ^b "Introduction". Government of Nepal. Retrieved 1 April 2018.
^ Jump up to: ^a ^b "नेपालका पूर्व अर्थ मन्त्रीहरु" (in Nepali). Government of Nepal. Retrieved 1 April 2018.
^ "Prachanda elected PM with 464 votes". nepalnews.com. Archived from the original on 22 November 2008. Retrieved 15 August 2008.
^ "Backgrounder: Nepali cabinet member list". People.cn. Retrieved 1 November 2017.
^ "PM Bhattarai swears in 13 more Cabinet members". The Kathmandu Post. Retrieved 15 October 2017.
^ "Meet the new cabinet of ministers". Nepali Times. Retrieved 1 October 2017.
^ "Prime Minister Dahal expands Cabinet, adds three ministers". The Himalayan Times. 8 August 2016. Retrieved 11 November 2017.
^ "Deuba sworn in as 40th PM, forms Cabinet by inducting 7 ministers". The Kathmandu Post. Retrieved 20 October 2017.
^ "Yubaraj Khatiwada resigns as finance minister, likely to be reappointed today". The Himalayan Times. 4 March 2020. Retrieved 26 May 2020.
^ "PM inducts 15 new ministers in his Cabinet". The Kathmandu Post. Retrieved 1 April 2018.
^ "Yubaraj Khatiwada resigns as finance and communication minister". kathmandupost.com. Retrieved 4 September 2020.
^ "मन्त्रिपरिषद पुनर्गठन : ईश्वर पोखरेलको मन्त्रालय खोसियो, विष्णु पौडेललाई अर्थ (सूचीसहित)". Onlinekhabar (in Nepali). Retrieved 14 October 2020.
^ "Newly-appointed PM Deuba, four ministers take oath of office and secrecy". myrepublica. Retrieved 13 July 2021.

External links[]

Official website

[fn15-13] Khatiwada had to resign from his ministeral posts on 3 March 2020, as his two-year term in the Rastriya Sabha ended, however he was reappointed only on the next day.^[12]

[1] "Ministry of Finance - Government of Nepal". www.mof.gov.np.

[2] "MOF non cooperation halts".

[3] "Law and order".

[Introduction-4] Jump up to: ^a ^b "Introduction". Government of Nepal. Retrieved 1 April 2018.

[Ministerlist-5] Jump up to: ^a ^b "नेपालका पूर्व अर्थ मन्त्रीहरु" (in Nepali). Government of Nepal. Retrieved 1 April 2018.

[6] "Prachanda elected PM with 464 votes". nepalnews.com. Archived from the original on 22 November 2008. Retrieved 15 August 2008.

[7] "Backgrounder: Nepali cabinet member list". People.cn. Retrieved 1 November 2017.

[8] "PM Bhattarai swears in 13 more Cabinet members". The Kathmandu Post. Retrieved 15 October 2017.

[9] "Meet the new cabinet of ministers". Nepali Times. Retrieved 1 October 2017.

[10] "Prime Minister Dahal expands Cabinet, adds three ministers". The Himalayan Times. 8 August 2016. Retrieved 11 November 2017.

[11] "Deuba sworn in as 40th PM, forms Cabinet by inducting 7 ministers". The Kathmandu Post. Retrieved 20 October 2017.

[12] "Yubaraj Khatiwada resigns as finance minister, likely to be reappointed today". The Himalayan Times. 4 March 2020. Retrieved 26 May 2020.

[14] "PM inducts 15 new ministers in his Cabinet". The Kathmandu Post. Retrieved 1 April 2018.

[15] "Yubaraj Khatiwada resigns as finance and communication minister". kathmandupost.com. Retrieved 4 September 2020.

[16] "मन्त्रिपरिषद पुनर्गठन : ईश्वर पोखरेलको मन्त्रालय खोसियो, विष्णु पौडेललाई अर्थ (सूचीसहित)". Onlinekhabar (in Nepali). Retrieved 14 October 2020.

[17] "Newly-appointed PM Deuba, four ministers take oath of office and secrecy". myrepublica. Retrieved 13 July 2021.

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[8]

[9]

[10]

[11]

[a]

[13]

[14]

[15]

[16]

[12]

show v t Government ministries and agencies of Nepal
President • Government of Nepal • Prime Minister (List • Office) • Deputy Prime Minister • Council of Ministers
	Ministries	Ministry of Agricultural and Livestock Development Ministry of Culture, Tourism and Civil Aviation Ministry of Defence Ministry of Education, Science and Technology Ministry of Energy, Water Resources and Irrigation Ministry of Federal Affairs and General Administration Ministry of Finance Ministry of Foreign Affairs Ministry of Forests and Environment Ministry of Health and Population Ministry of Home Affairs Ministry of Industry, Commerce and Supplies Ministry of Information and Communications Ministry of Labour, Employment and Social Security Ministry of Land Management, Cooperatives and Poverty Alleviation Ministry of Law, Justice and Parliamentary Affairs Ministry of Physical Infrastructure and Transport Ministry of Urban Development Ministry of Water Supply Ministry of Women, Children and Senior Citizen Ministry of Youth and Sports
	Departments	Auditor General Commission for the Investigation of Abuse of Authority Department of Archaeology Central Bureau of Statistics Civil Aviation Authority Customs Department Department of Education Election Commission Inland Revenue Department Law Commission Department of Local Infrastructure Development and Agricultural Roads National Human Rights Commission Department of National Parks and Wildlife Conservation Public Service Commission National Reconstruction Authority Passport Department National Planning Commission Office of the President Department of Printing

Politics of Nepal


show Constitution Fundamental Rights and Duties Human rights LGBT rights
show Government President: Bidhya Devi Bhandari Vice President: Nanda Bahadur Pun Executive: Prime Minister: Sher Bahadur Deuba Council of Ministers: Deuba V Cabinet Secretary Federal Parliament: House of Representatives Speaker: Agni Prasad Sapkota House Leader: Sher Bahadur Deuba Opposition Leader: KP Sharma Oli National Assembly Chairman: Ganesh Prasad Timilsina House Leader: Dina Nath Sharma Opposition Leader: Suman Raj Pyakurel Judiciary: Supreme Court Chief Justice of Nepal: Cholendra Shumsher JB Rana District Courts
show Elections Election Commission Political parties Recent elections Presidential: 2008 2015 2018 General: 2008 2013 2017 next Provincial: 2017 Local: 2017
show Federalism Administrative divisions Provinces Provincial governments Provincial Assemblies Governors Chief Ministers Local governments Districts Municipalities Rural Municipalities
show Foreign relations Ministry of Foreign Affairs Minister: vacant Diplomatic missions of / in Nepal Nationality law Passport Visa requirements Visa policy
show Related topics Democracy movement Civil War
Nepal portal Other countries
v t