Finance Minister Khanal and Japanese Ambassador Maeda held a courtesy meeting

Kathmandu – Finance Minister Rameshwor Prasad Khanal and Japanese Ambassador to Nepal, Maeda Toru, held a courtesy meeting at the Ministry of Finance.

During the meeting, they discussed the historical ties between Nepal and Japan, the current political situation in Nepal after recent changes, and Japan’s continued economic and social support to Nepal.

Minister Khanal said that the main priority of the present government, formed under special circumstances, is to hold elections within the stipulated time. He also expressed commitment to continuing reconstruction efforts along with ongoing economic and social development programs.

The talks also covered ongoing projects such as the Nagdhunga Tunnel Road Project and the Tanahun Hydropower Project, as well as upcoming agreements on the Koteshwor Junction Improvement Project and the Sindhuli Road Flood Recovery Program.

Minister Ghising calls for contributions to National Reconstruction Fund

Kathmandu – The government has established a Reconstruction Fund to rebuild public infrastructure damaged during the recent Gen Z protests. Alongside this, a Reconstruction Committee has been formed under the leadership of the Finance Minister.

Following the announcement, Minister Kulman Ghising appealed to all sectors to contribute to the fund. He said the committee will approve a reconstruction plan and begin restoring structures damaged by arson and vandalism.

Ghising urged support from federal, provincial, and local governments, as well as the private sector, Nepali citizens at home and abroad, the non-resident Nepali community, friendly nations, development partners, and international organizations. He stressed that their valuable contributions would play a vital role in rebuilding and strengthening the nation.

Government announces strict spending cuts to Curb unnecessary Expenses

Kathmandu – The Ministry of Finance has introduced a series of decisions aimed at reducing unnecessary public spending and improving capital expenditure management.

According to the decision, meeting allowances for government staff will be scrapped, officials using private residences will not be entitled to housing allowances, and personal secretaries provided to lawmakers and political appointees will no longer be funded. Except for technical positions, no new posts will be created, and overlapping structures at federal, provincial, and local levels will be eliminated.

Foreign trips at government expense will be restricted, allowing only essential visits. Delegations led by the head of state or government at international conferences will be limited to a maximum of 10 members, while other delegations can include only up to three officials.

Key measures include:

  • Freezing budgets of approved projects that have not started and restricting use of funds outside their original purpose.
  • Halting transfer of federal projects to provincial and local levels until further review.
  • Limiting contingency funds to 100% for projects under Rs 10 million and 2% for projects above Rs 10 million.
  • Stopping creation of new programs in the 2082/83 budget year.
  • Cutting all meeting allowances for government officials.
  • Restricting consultancy services unless expertise is unavailable within the government.
  • Banning new vehicle purchases for political and administrative officials, with a directive to repair and reuse old vehicles.
  • Prohibiting government offices from building unnecessary infrastructure and requiring reuse of existing equipment like furniture and computers.
  • Halting temporary or contract-based staff hiring beyond approved positions.
  • Stopping additional security guards or perks for officials beyond what is legally mandated.

The ministry said these measures are designed to promote fiscal discipline, reduce wasteful spending, and ensure that capital expenditure is used effectively.

Finance minister Rameshwor Khanal’s ‘complaint emailbox’ mechanism proves effective within hours

Kathmandu – Finance Minister Rameshwor Khanal’s newly launched “Complaint Emailbox” system, aimed at hearing and resolving public grievances directly, has shown quick results.

Khanal shared on Tuesday that within just six hours of launching the mechanism, he had already received 166 emails. He said the goal is to end the public’s compulsion of rushing to Singha Durbar to resolve their issues.

According to Khanal, about two dozen emails have already been answered, and action has been initiated on most of them. He assured that the remaining emails will also be responded to as quickly as possible.

The minister expressed confidence that this system will help ordinary citizens and institutions address their problems without the hassle of physically visiting government offices in Singha Durbar.

Complaints against delays and bribery in Finance Ministry bodies can now be filed directly to minister

Kathmandu – Employees working under institutions and bodies of the Ministry of Finance can now be reported directly to Finance Minister Rameshwar Khanal if they are found causing delays, exerting undue pressure, or demanding bribes. Complaints can be lodged through email or a hotline.

The ministry announced that any issues such as employees failing to perform required duties, engaging in misconduct, creating obstacles in service delivery, or demanding bribes can be directly reported to the Finance Minister’s email or the ministry’s complaint email.

In addition, a toll-free hotline 18105000410 has been set up where complaints can be filed directly by phone.

Finance Minister reshuffles responsibilities of three Joint Secretaries

Kathmandu – Finance Minister Rameshwar Khanal has reassigned the responsibilities of three joint secretaries within the ministry.

Mahesh Acharya has been appointed head of the Financial Sector Management and Institution Coordination Division, replacing Seventhak Pokharel, who has now been moved to lead the Fiscal Federalism Coordination Division.

Similarly, Mahesh Baral, previously chief of the Fiscal Federalism Division, has been transferred to head the Public Financial Management Training Center. Before this change, Joint Secretary Acharya was leading the training center.

The reshuffle took effect on Sunday, according to ministry spokesperson Tank Prasad Pandey.

Finance Minister Khanal’s first decision to cut small projects

Kathmandu – Newly appointed Finance Minister Rameshwor Khanal has taken the first decision to not implement piecemeal projects after assuming office.

He has said that expenses will be cut by not implementing the piecemeal plan due to the unpreparedness and the need to address the demands of the youth and hold elections.

Newly appointed ministers take oath of office and secrecy

Kathmandu- Three ministers participating in the interim government led by Sushila Karki took the oath of office and secrecy at the President’s residence, Sheetal Niwas, today.

President Ram Chandra Poudel administered the oath of office and secrecy to newly appointed Minister for Home Affairs and Law, Justice and Parliamentary Affairs Om Prakash Aryal, Minister for Energy, Water Resources and Irrigation, Physical Infrastructure and Transport and Urban Development Kulman Ghising, and Minister for Finance Rameshwor Khanal.

Ministers of the Interim Government to take Oath at 11:30 AM

Kathmandu – The ministers joining the interim government led by Prime Minister Sushila Karki will take their oath of office today at around 11:30 AM.

According to the Office of the President, President Ramchandra Paudel will administer the oath to newly appointed ministers Om Prakash Aryal, Kulman Ghising, and Rameshwor Khanal.

In Karki’s interim government, former NEA chief Kulman Ghising has been appointed Minister for Energy, Physical Infrastructure, and Urban Development, former Finance Secretary Rameshwor Khanal has been appointed Finance Minister, and Om Prakash Aryal has been appointed Minister for Home Affairs and Law, Justice, and Parliamentary Affairs.

Former Finance Secretary Rameshwor Khanal appointed as Finance Minister

Kathmandu – As part of Prime Minister Sushila Karki’s interim government bringing in subject experts to the cabinet, the responsibility of the Ministry of Finance has been given to former Finance Secretary Rameshwor Khanal.

Khanal, widely regarded as an expert in economic administration, spent most of his career in the Ministry of Finance. He served as Finance Secretary from August 2008 to March 2011, and earlier as Revenue Secretary from August 2006.

During his tenure as secretary, he worked with finance ministers including Dr. Ram Sharan Mahat, Dr. Baburam Bhattarai, Surendra Pandey, and Bharat Mohan Adhikari. Khanal resigned from his post when Adhikari was finance minister, after learning that the budget was being prepared outside the ministry.

Earlier, while serving as joint secretary, Khanal led the Budget and Program Division and the Foreign Aid Coordination Division.

After retiring from the Ministry of Finance, Khanal has remained active in research, teaching, consultation, and policy studies.