Generating knowledge on public finance

Civil servants and elected officials need to know more about fiscal and public finance management.

Federalism is a new and evolving practice in Nepal. There has been some notable progress in fiscal federalism. The government has formulated major laws, developed public financial management (PFM) systems for the provincial and local governments, well accounted for and managed intergovernmental fiscal transfers, and established integrated PFM IT and e-procurement systems. In addition, a PFM Steering Committee has been set up. The National Natural Resources and Fiscal Commission (NNRFC) has developed the formula for intergovernmental fiscal transfer, guidelines, and allocation of equalisation grants, among others.