Local Governments Achieve Record Budget Submission Rate
Summary
Approximately 95 percent of local governments in Nepal have presented their budgets on time this fiscal year, marking a record achievement in financial federalism implementation. While issues like disputes and administrative challenges caused delays in some municipalities, the overall budget submission rate significantly improved compared to previous years.
Key Points
- About 95 percent of Nepal's local governments submitted their budgets on time this fiscal year, a record achievement.
- 28 local governments missed the Ashad 10 budget submission deadline, down from 50 last year.
- The Nepal Municipal Association and National Association of Rural Municipalities provided the data highlighting improved budget submissions.
- Delays were mainly due to administrative disputes, lack of preparation, and unforeseen circumstances in certain municipalities and rural municipalities.
