Provincial planning and budgeting

It is grounded in a strong legal framework, ensuring transparency, accountability and effective resource allocation.

Since the establishment of the provincial structure in Nepal, all the provinces have introduced seven budgets from the fiscal year 2018-19 through 2024-25. Despite this, many individuals, including foreign observers and researchers, remain unclear about how these provincial budgets are formulated. Questions often arise regarding the process, the legal frameworks that guide them, and the overall structure of provincial budget formulation. This article delves into the legal aspects of provincial budget formulation to offer insights into the processes and regulations that shape this crucial aspect of governance.