Ensure Fiscal Discipline

The 62nd annual report by the Office of the Auditor General (OAG) is highlighting the growing arrears in Nepal. Arrears have increased by 9.45 per cent in comparison to previous years, standing at a whopping amount of Rs. over 733 billion. Arrears are referred to as financial transactions that cannot be verified. They are an indicator of the level of fiscal discipline and good governance in a country. Among the various areas, they have also been evident in initiatives like the mid-day meal programme and sanitary pad distribution in community schools.