Agency Name: | Ministry of Finance |
Type: | Ministry Of Nepal |
Nativename: | अर्थ मन्त्रालय |
Seal: | Emblem of Nepal.svg |
Picture Caption: | Office building at Singh durbar |
Jurisdiction: | Government of Nepal |
Headquarters: | Singha Durbar, Kathmandu |
Minister1 Name: | Bishnu Prasad Paudel |
Minister1 Pfo: | Finance minister |
Chief1 Name: | Madhu Kumar Marasini |
Chief1 Position: | Finance Secretary |
Chief2 Name: | Dr. Ram Prasad Ghimire |
Chief2 Position: | Secretary (Revenue) |
Chief3 Name: | Binod Prakash Singh |
Chief3 Position: | Financial Comptroller General |
Ministry of Finance (Nepali: अर्थ मन्त्रालय) 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 Barsaman Pun since 6 March 2024.[1]
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.[2]
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.
The Ministry of Finance consists of the following five Departments:[3]
The Ministry is divided into several divisions:
See main article: articles and Minister of Finance (Nepal). This is a list of all former Finance Ministers since the Nepalese Constituent Assembly election in 2013:
SN | Name | Party | Assumed office | Left office | |
---|---|---|---|---|---|
1 | Ram Saran Mahat[4] | 25 February 2014 | 12 October 2015 | ||
2 | 5 November 2015 | 1 August 2016 | |||
3 | Krishna Bahadur Mahara[5] | 4 August 2016 | 31 May 2017 | ||
4 | Gyanendra Bahadur Karki[6] | 7 June 2017 | 15 February 2018 | ||
5 | 16 March 2018[7] | 4 September 2020[8] | |||
6 | 14 October 2020[9] | 13 July 2021 | |||
7 | CPN (Maoist) | 13 July 2021[10] | 7 July 2022 | ||
8 | Nepali Congress | 7 July 2022[11] | July 31, 2022 | ||
7 | CPN (Maoist) | 31 July 2022[12] | 26 December 2022 | ||
9 | CPN UML | 26 December 2022[13] | 27 February 2023 | ||
10 | Nepali Congress | 31 March 2023[14] | 5 March 2024 | ||
11 | Barsaman Pun | Nepal Communist Party | 6 March 2024 |