Part 10 – Federal Financial Procedures
Part Overview: Federal Consolidated Fund, annual budget presentation, Appropriation Acts, supplementary budget estimates, and Contingency Fund management.
Articles in Part 10:
Article 115 – Not tax to be levied or loan to be raised
(1) No tax will be levied and collected except in accordance with law. (2) No loan shall be raised or guarantee be given by the Government o...
Article 116 – Federal Consolidated Fund
Except for the revenues of religious endowments, all revenues received by the Government of Nepal, all loans raised on the security of reven...
Article 117 – Expenditure from Federal Consolidated Fund or Federal Government Fund
No expenditure shall be incurred out of the Federal Consolidated Fund or any other federal government fund, other than the following: (a) Mo...
Article 118 – Expenditure chargeable on the Federal Consolidated Fund
The expenditures related to the following matters shall be charged on the consolidated fund and the approval of the Federal Parliament shall...
Article 119 – Estimates of Revenues and Expenditure
(1) The Finance Minister of the Government of Nepal shall, with respect to every fiscal year, present before the joint meeting of both the h...
Article 120 – Appropriation Act
The money required to meet the expenditure to be provided by an Appropriation Act shall be specified under appropriate heads in an Appropria...
Article 121 – Supplementary estimates
(1) The Finance Minister of the Government of Nepal shall, in respective of any financial year, present supplementary estimates before the H...
Article 122 – Votes on Account
(1) Notwithstanding anything contained in this part, a portion of the expenditure estimated for the financial year may, when an Appropriatio...
Article 123 – Votes of credit
Notwithstanding anything contained elsewhere in this Part, if owing to a local or national emergency due to either natural causes, a threat...
Article 124 – Federal Contingency Fund
(1) A Federal Act may create a Contingency Fund into which shall be paid from time to time such money as may be determined by the Federal Ac...
Article 125 – Act relating to financial Procedures
Matters relating to the transfer of money appropriated from one head to another and other financial procedures shall be regulated by Federal...
Related Provisions & Cross-References
Bidirectional citations, thematic connections, and constitutional authority