News

Government arrears soars to Rs 396.25 billion

April 13, 2017

The Himalayan Times, 12th April 2017, Kathmandu

The Office of the Auditor General’s annual report revealed that the Government of Nepal’s arrears soared to Rs 396.2561 billion in the last Fiscal Year 2014/15.*

Rs 97.4369 billion was not cleared in the fiscal, while the rest amount of total arrears was carried over from the previous fiscals, according to the OAG.

n accordance with the Article 294 of Nepal’s Constitution, Acting Auditor General Sukdev Bhattrai Khatry presented the Auditor General’s 54th Annual Report to President Bidya Devi Bhandari today.

The OAG audited expenditure worth Rs 3339.78 billion in as many as 4,786 units.

In the previous fiscal year, arrears stood at Rs 328.5238 billion.

Five ministries — Ministry of Finance, Ministry of Physical Infrastructure and Transport, Ministry of Federal Affairs and Local Development, Ministry of Education, and Ministry of Drinking Water and Sanitation respectively — witnessed higher arrears that is 80.48 per cent of total arrears in the government agencies.

Interestingly, the OAG itself has arrears, though of meagre Rs 9,000.


Arrears in the Fiscal Year 2015/16
  1. Irregularities of Government offices: Rs 167,492.7 million
  2. Irregularities related to District Development Committees, other Institutions and Committees: Rs 543,99.8 million
  3. Audit backlog: Rs 5306.4 million
  4. Revenue arrears: Rs 132,181.8 million
  5. Outstanding reimbursable foreign grant: Rs 225,17.7 million
  6. Outstanding reimbursable foreign loan: Rs 143,37.2 million
  7. Overdue principal and interest on loans obtained in GON guarantee: Rs 20.5 million
    Total: Rs 396,256.1 million
    Arrears in the Fiscal Year 2014/15
  8. Irregularities of Government offices: Rs 112,515.50 million
  9. Irregularities related to District Development Committees, other Institutions and Committees: Rs 50,404.90 million
  10. Audit backlog: Rs 5,741.20 million
  11. Revenue arrears: Rs 128,233.70 million
  12. Outstanding reimbursable foreign grant: Rs 21,269.10 million
  13. Outstanding reimbursable foreign loan: Rs 8,305.10 million
  14. Overdue principal and interest on loans obtained in GON guarantee: Rs 2,054.30 million
    Total: Rs 328,523.80 million

Source: https://thehimalayantimes.com/nepal/government-of-nepal-arrears-rs-396-billion/