Cash continues to pile up in government funds, no proper accounting
Summary
The Nepalese government holds over Rs 233 billion in various funds, yet lacks proper accounting and consolidated information, leading to inactive and misused resources across ministries.
Key Points
- The government holds Rs 233.15 billion in both budgetary and non-budgetary funds across various ministries and levels of government.
- Over 139 different funds exist nationwide with unclear consolidated management and accounting.
- Illegal funds at the Securities Board of Nepal were dissolved after CIAA intervention, revealing longstanding misuse.
- Funds created for specific purposes, such as pollution control and infrastructure projects, remain largely unspent or misallocated.
