Ministry of Finance ( ne, अर्थ मन्त्रालय) is the central authority of Government of Nepal charged with the responsibilities for maintaining both micro and macro

economic stability Economic stability is the absence of excessive fluctuations in the macroeconomy. An economy with fairly constant output growth and low and stable inflation would be considered economically stable. An economy with frequent large recessions, a pron ...

in the country. The position of finance minister in Nepal is currently held by Sher Bahadur Deuba, appointed on 7 July 2022. 2009-03 Kathmandu 09

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 National Planning Commission (NPC) of Nepal is advisory body for formulating development plans and policies of the country under the directives of the National Development Council of the government of Nepal. It is the apex advisory body of the Go ...

were set up. Ever since, the Ministry was the highest financial authority of Nepal.

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 Financial analysis (also known as financial statement analysis, accounting analysis, or analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. It is performed by prof ...

Currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general ...

, determination and implementation of

monetary policy Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for federal funds, very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money s ...

. Also it is responsible for the Central Bank of Nepal,

Nepal Rastra Bank The Nepal Rastra Bank (NRB) ( ne, नेपाल राष्ट्र बैंक) was established April 26, 1956 A.D. ( Nepali Date: Baisakh 14, 2013 B.S.) under the Nepal Rastra Bank Act, 1955, to discharge the central banking responsibili ...

(Including Nepal Industrial Development Corporation) and co-ordination with the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...

, the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

, the

Asian Development Bank The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field of ...

and other

International Financial Institutions An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, a ...

Structure and departments

The Ministry is divided into several divisions: * 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 *

Department of Revenue Investigation Department may refer to: * Departmentalization, division of a larger organization into parts with specific responsibility Government and military *Department (administrative division), a geographical and administrative division within a country, ...

Revenue Administration Training Center In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue ...

Department of Money Laundering Investigation Department may refer to: * Departmentalization, division of a larger organization into parts with specific responsibility Government and military *Department (administrative division), a geographical and administrative division within a country, ...

Former Finance Ministers of the Kingdom of Nepal

This s a list of all former Finance Ministers of the

Kingdom of Nepal The Kingdom of Nepal ( ne, नेपाल अधिराज्य), also known as the Gorkha Empire ( ne, गोरखा अधिराज्य) or Asal Hindustan ( ne, असल हिन्दुस्तान)(), was a Hindu king ...

and their appointments until 2008: #

Subarna Shamsher Rana Subarna Shamsher Rana ( ne, सुवर्ण सम्शेर राणा) (1910 – 9 November 1977) was a leading figure in the movement to overthrow the ruling Rana oligarchy and to establish democracy in Nepal. He was one of the three ...

, February 1951 #

Kaiser Shumsher Jang Bahadur Rana Field Marshal Sir Kaiser Shumsher Jang Bahadur Rana, GBE (8 January 1892 – 7 June 1964) was a field marshal in the Royal Nepalese Army. He was the third son of Maharaja Sir Chandra Shamsher Jang Bahadur Rana, GCB, GCSI, GCMG, GCVO the fifth P ...

, 1952 # Matrika Prasad Koirala, June 1953 # S. Gunjaman Singh, January 1957 # C. B. Singh, July 1957 #

, May 1958 # Rishikesh Shah, December 1960 # Surya Bahadur Thapa, July 1962 # Surendra Bahadur Basnet, September 1968 #

Kirti Nidhi Bista Kirti Nidhi Bista ( ne, कीर्तिनिधि विष्ट; 15 January 1927 – 11 November 2017) was a Nepali politician and 25th Prime Minister of Nepal. Biography Bista was born in Thamel, Kathmandu, Nepal in 1927. He served as ...

, April 1969 #

Gehendra Bahadur Rajbhandari Gehendra Bahadur Rajbhandari ( ne, गेहेन्द्र बहादुर राजभण्डारी; November 1923 – 23 August 1994) was the most senior Minister (working with responsibility of the Prime Minister) in Nepal from 13 ...

, April 1970 #

, April 1971 # Bhekh Bahadur Thapa, July 1973 # Ram Prasad Rajbahak, April 1979 # Surya Bahadur Thapa, May 1979 # Yadav Pant, June 1980 #

Prakash Chandra Lohani Dr. Prakash Chandra Lohani ( ne, डा .प्रकाशचन्द्र लोहनी) (born 21 April 1944) is a Nepalese politician, economist and member of the ARPPR. He has served as a Minister of Finance, Minister of Foreign Affairs ...

, July 1983 # Bharat Bahadur Thapa, March 1986 #

Pashupati Shamsher Jang Bahadur Rana Pashupati Shamsher Jang Bahadur Rana ( ne, पशुपति शम्शेर जङ्ग बहादुर राणा) is a politician from the Rana dynasty. He served in the Ministry of Foreign Affairs, Ministry of Finance, Ministry of W ...

, April 1990 # Devendra Raj Pandey, April 1990 # Girija Prasad Koirala, May 1991 #

Mahesh Acharya Mahesh Acharya ( ne, महेश आचार्य) was the minister of Forest and Soil Conservation of Nepal under the government led by Sushil Koirala. Acharya won the Morang–6 seat in Nepalese Constituent Assembly election, 2013 from the ...

, December 1991 # Bharat Mohan Adhikari, November 1994 #

Ram Saran Mahat Ram Sharan Mahat was the Finance Minister of Nepal under the government led by Sushil Koirala. Political Career Mahat represented Nepali Congress in the parliament for four consecutive term and currently a parliamentarian from Nuwakot -2. H ...

, September 1995 # Rabindra Nath Sharma, March 1997 #

, April 1998 # Bharat Mohan Adhikari, December 1998 #

, May 1999 #

, July 2001 # Badri Prasad Shrestha, October 2003 #

, June 2003 # Bharat Mohan Adhikari, June 2004 #

Madhukar Shamsher Rana Madhukar Shamshere Jung Bahadur Rana ( ne, मधुकर सम्शेर राणा) (19 July 1941 – 16 October 2019) was a Nepalese development economist, who served as Minister of Finance of Nepal in 2005, and was Professor of economi ...

, 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):

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

Notes

References

External links

Official website
{{authority control

Finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of f ...

Nepal Nepal (; ne, नेपाल ), formerly the Federal Democratic Republic of Nepal ( ne, सङ्घीय लोकतान्त्रिक गणतन्त्र नेपाल ), is a landlocked country in South Asia. It is ma ...

Government finances in Nepal