Publication: Reforms under Fiscal Stress : A Policy Note on the Priorities for Fiscal and Budget Reform in Nepal
Date
2012
ISSN
Published
2012
Author(s)
Bajracharya, Roshan Darshan
Biletska, Nataliya
Rajaram, Anand
Abstract
This note, first of the several on
fiscal management and policy option notes planned, provides
a concise assessment of the achievements to date of the
ongoing reforms to budget management in Nepal and concludes
with some guidance on the key focus areas of fiscal policy
and expenditure management over the near and medium term.
It is a selective assessment that looks at major aspects of
the policy and budget process with a view to identifying
areas for strategic focus, rather than a detailed rendering
of the reforms. The note highlights the fiscal challenges
that are assuming increasing prominence and which must be
addressed by policy decisions and medium term reforms.
While recognizing the uniqueness of Nepal's initial
conditions, capacities and current security related
challenges, the note takes account of international
experience in implementing such reforms. The note starts
with the economic and political background. The second
section reviews fiscal trends and outlines issues to be
considered by a fiscal strategy. The third section
discusses institutional issues to strengthen the budget process.
Citation
“Bajracharya, Roshan Darshan; Biletska, Nataliya; Rajaram, Anand. 2012. Reforms under Fiscal Stress : A Policy Note on the Priorities for Fiscal and Budget Reform in Nepal. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/31963695-5cda-5829-bf67-6713cc4f8947 License: CC BY 3.0 IGO.”