Minister of Finance Affairs | |
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अर्थ मन्त्री | |
since 15 July 2024 | |
Style | His Excellency |
Member of | Council of Ministers |
Reports to | Prime Minister |
Nominator | Prime Minister |
Appointer | The President |
Term length | No fixed term |
Formation | 21 February 1951 |
The Minister of Finance(or simply, the Finance Minister, ( Nepali: अर्थ मन्त्री ) is the head of the Ministry of Finance of the Government of Nepal. One of the senior-most officers in the Federal Cabinet, the finance minister is responsible for the fiscal policy of the government. A key duty of the Finance Minister is to present the annual federal budget in Parliament, detailing the government's plan for taxation and spending in the coming financial year. Through the Budget, the finance minister also outlines allocations to all the ministries and departments. The Minister is assisted by the Minister of State for Finance and the junior Deputy Minister of Finance.[1][2]