An overview of the main functions:

Ministry
Formulate economic policies and implement them through annual budget and programmes.

Divisions:
 

• Administrative Division: Administer personnel and general services management including properties under the ownership of the Ministry.
• Budget and Programme Division
• Economic Policy Analysis Division
• Financial Sector Management & Corporation Co-ordination Division: Monitor and supervise state-owned enterprises and help implement privatisation policy and programme.
• Fiscal Federalism Coordination Division
• International Economic Cooperation Coordination Division
• Legal and Judgement Execution Division: Provide legal advice to the Ministry and departments; draft laws and rules and regulations relating to financial aspects.
• Planning, Monitoring and Evaluation Division
• Revenue Management Division: Prepare revenue policy and guidelines and implement through various departments as per the Finance Act, and prepare a monthly report on tax and non-tax revenues.

Central Offices:

 

• Financial Comptroller General Office
• Public Debt Management Office

Departments:

• Department of Customs: Collect customs revenues; control unauthorized trade; provide support to the MoF in formulating policy relating to customs duties.
• Department of Inland Revenues:    Formulate and implement tax policy to generate revenues; review tax assessments; supervise tax offices; serve taxpayers and issue Permanent Account Number (PAN) to taxpayers, formulate Taxation Acts and Regulations, and monitor revenue collection.
• Public Finance Management Training Centre

 

 

Agency/Board/Bank:

Nepal Rastra Bank :

Central bank concerned with monetary policy, supervision, monitoring and regulation of banks and financial institutions, and advising the government on monetary and fiscal matters.

Securities Board:
Undertake registration of securities, market intermediaries, stock exchange and Unit and Mutual Funds, regulate and monitor securities transactions

Agriculture Development Bank:
Help mobilize internal resources for economic development, and provide banking and other support services to the rural poor.

Rastriya Banijya Bank:
Provide banking services.

Deposit Insurance and Credit Guarantee Corporation:
Undertake credit guarantee for loans provided to priority sector by commercial banks.

Stock Exchange Centre:
Work as securities exchange market for the institutional development of the capital market.

Citizen Investment Trust:
Encourage people to save and mobilize savings for productive activities.

Employees Provident Fund:
Work as an employee trust to render post-retirement benefits to its clients.

Nepal Insurance Corporation:
To provide life and non-life insurance facilities.

Bima Samittee:
Insurance business promotion, regulation, management, monitoring, and evaluation.