Ministry of Finance (Nepal)


Ministry of Finance is the central authority of Government of Nepal charged with the responsibilities for maintaining both micro and macro economic stability in the country.The position of finance minister in Nepal is currently held by Dr. Yuba Raj Khatiwada, appointed on 26 February 2018.
, inside which is the Ministry of Finance.

History

The predecessor of the Ministry of Finance of Nepal, the Ministry of Economic and Planning was established in 1963. In 1968, this Ministry was dissolved and the Ministry of Finance as well as the National Planning Commission of Nepal were set up. Ever since, the Ministry was the highest financial authority of Nepal.

Mandate

The mandate of the ministry includes the following: Formulation, implementation, monitoring and evaluation of economic and revenue policy, financial administration and control of plans and programs, Financial analysis, Currency, determination and implementation of monetary policy.
Also it is responsible for the Central Bank of Nepal, Nepal Rastra Bank and co-ordination with the World Bank, the International Monetary Fund, the Asian Development Bank and other International Financial Institutions.

Structure & Departments

The Ministry is divided into several divisions:
The Ministry of Finance furthermore consists of the following six Departments:

Finance Ministers of the Kingdom of Nepal

This s a list of all former Finance Ministers of the Kingdom of Nepal and their appointments until 2008:
  1. Subarna Shamsher Rana, February 1951
  2. Kaiser Shumsher Jang Bahadur Rana, 1952
  3. Matrika Prasad Koirala, June 1953
  4. S. Gunjaman Singh, January 1957
  5. C. B. Singh, July 1957
  6. Subarna Shamsher Rana, May 1958
  7. Rishikesh Shah, December 1960
  8. Surya Bahadur Thapa, July 1962
  9. Surendra Bahadur Basnet, September 1968
  10. Kirti Nidhi Bista, April 1969
  11. Gehendra Bahadur Rajbhandari, April 1970
  12. Kirti Nidhi Bista, April 1971
  13. Bhekh Bahadur Thapa, July 1973
  14. Ram Prasad Rajbahak, April 1979
  15. Surya Bahadur Thapa, May 1979
  16. Yadav Pant, June 1980
  17. Prakash Chandra Lohani, July 1983
  18. Bharat Bahadur Thapa, March 1986
  19. Pashupati Shamsher Jang Bahadur Rana, April 1990
  20. Devendra Raj Pandey, April 1990
  21. Girija Prasad Koirala, May 1991
  22. Mahesh Acharya, December 1991
  23. Bharat Mohan Adhikari, November 1994
  24. Ram Saran Mahat, September 1995
  25. Rabindra Nath Sharma, March 1997
  26. Ram Saran Mahat, April 1998
  27. Bharat Mohan Adhikari, December 1998
  28. Mahesh Acharya, May 1999
  29. Ram Saran Mahat, July 2001
  30. Badri Prasad Shrestha, October 2003
  31. Prakash Chandra Lohani, June 2003
  32. Bharat Mohan Adhikari, June 2004
  33. Madhukar Shamsher Rana, February 2005
  34. Roop Jyoti, December 2005

    Finance Ministers during the transition phase of Nepal

This is a list of former Finance Ministers of the Nepal during its transiotion phase :
NamePartyAssumed OfficeLeft Office
1Baburam BhattaraiCommunist Party of Nepal
2Surendra PandeyCommunist Party of Nepal 25 May 20096 February 2011
3Bharat Mohan AdhikariCommunist Party of Nepal 6 February 20114 September 2011
4Barsaman PunCommunist Party of Nepal 4 September 2011
5Shankar Prasad Koiralaindependent18 March 201311 February 2014

Finance Ministers since 2013

This is a list of all former Finance Ministers since the Nepalese Constituent Assembly election in 2013:
NamePartyAssumed OfficeLeft Office
1Ram Saran MahatNepali Congress25 February 2014
2Bishnu Prasad PaudelCommunist Party of Nepal 5 November 20151 August 2016
3Dy. PM Krishna Bahadur MaharaCommunist Party of Nepal 4 August 201631 May 2017
4Gyanendra Bahadur KarkiNepali Congress7 June 201715 February 2018
5Yuba Raj KhatiwadaCommunist Party of Nepal 16 March 2018