Need for openness in governance

The age of democratic accountability in Nepal also needs to emphasise citizen engagement.

Public finance management (PFM) is a pillar of effective governance and central to citizens’ ability to hold the government accountable. It is, therefore, a key priority for governments committed to democratic reforms and development. Globally, budget systems have moved away from the traditional closed budget system, which has been both inadequate and inaccessible to users, towards an open budget and participatory approach based on transparency, participation and accountability.