Minister of Finance (Nepal)

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Minister of Finance Affairs
अर्थ मन्त्री
Emblem of Nepal
Flag of Nepal
since 15 July 2024
StyleHis Excellency
Member ofCouncil of Ministers
Reports toPrime Minister
NominatorPrime Minister
AppointerThe President
Term lengthNo fixed term
Formation21 February 1951; 73 years ago (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]

List of ministers of finance

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Former Finance Ministers of the Kingdom of Nepal

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This s a list of all former Finance Ministers of the Kingdom of Nepal and their appointments until 2008:[3]

  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

Former Finance Ministers during the transition phase of Nepal

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This is a list of former Finance Ministers of the Nepal during its transition phase (2008 - 2013):[citation needed]

SN Name Party Assumed office Left office
1 Baburam Bhattarai[4] Communist Party of Nepal (Maoist Centre) 18 August 2008 25 May 2009
2 Surendra Pandey[5] Communist Party of Nepal (Unified Marxist–Leninist) 25 May 2009 6 February 2011
3 Bharat Mohan Adhikari Communist Party of Nepal (Unified Marxist–Leninist) 6 February 2011 4 September 2011
4 Barsaman Pun[6] Communist Party of Nepal (Maoist Centre) 4 September 2011 March 2013
5 Shanker Prasad Koirala independent 18 March 2013 11 February 2014

Former and current Finance Ministers since 2013

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This is a list of all former Finance Ministers since the Nepalese Constituent Assembly election in 2013:

Key
  • ‡- Current Finance Minister
SN Name Party Assumed office Left office
1 Ram Saran Mahat[7] Nepali Congress 25 February 2014 12 October 2015
2 Bishnu Prasad Paudel Communist Party of Nepal (Unified Marxist–Leninist) 5 November 2015 1 August 2016
3 Krishna Bahadur Mahara[8] Communist Party of Nepal (Maoist Centre) 4 August 2016 31 May 2017
4 Gyanendra Bahadur Karki[9] Nepali Congress 7 June 2017 15 February 2018
5 Yuba Raj Khatiwada[a] Communist Party of Nepal (NCP) 16 March 2018[11] 4 September 2020[12]
6 Bishnu Prasad Paudel CPN UML 14 October 2020[13] 13 July 2021
7 Janardan Sharma CPN (Maoist) 13 July 2021[14] 7 July 2022
8 ‡ Sher Bahadur Deuba Nepali Congress 7 July 2022[15] Incumbent

References

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  1. ^ Khatiwada had to resign from his ministerial posts on 3 March 2020, as his two-year term in the Rastriya Sabha ended, however he was reappointed only on the next day.[10]
  1. ^ "अर्थ मन्त्रालय". moha.gov.np (in Nepali). Retrieved 2022-01-29.
  2. ^ "Council of Ministers | Office of the Prime Minister and Council of Ministers". Retrieved 2022-01-29.
  3. ^ "नेपालका पूर्व अर्थ मन्त्रीहरु" (in Nepali). Government of Nepal. Archived from the original on 3 April 2018. Retrieved 1 April 2018.
  4. ^ "Prachanda elected PM with 464 votes". nepalnews.com. Archived from the original on 22 November 2008. Retrieved 15 August 2008.
  5. ^ "Backgrounder: Nepali cabinet member list". People.cn. Archived from the original on 1 December 2017. Retrieved 1 November 2017.
  6. ^ "PM Bhattarai swears in 13 more Cabinet members". The Kathmandu Post. Retrieved 15 October 2017.
  7. ^ "Meet the new cabinet of ministers". Nepali Times. Retrieved 1 October 2017.
  8. ^ "Prime Minister Dahal expands Cabinet, adds three ministers". The Himalayan Times. 8 August 2016. Retrieved 11 November 2017.
  9. ^ "Deuba sworn in as 40th PM, forms Cabinet by inducting 7 ministers". The Kathmandu Post. Retrieved 20 October 2017.
  10. ^ "Yubaraj Khatiwada resigns as finance minister, likely to be reappointed today". The Himalayan Times. 4 March 2020. Retrieved 26 May 2020.
  11. ^ "PM inducts 15 new ministers in his Cabinet". The Kathmandu Post. Retrieved 1 April 2018.
  12. ^ "Yubaraj Khatiwada resigns as finance and communication minister". kathmandupost.com. Retrieved 4 September 2020.
  13. ^ "मन्त्रिपरिषद पुनर्गठन : ईश्वर पोखरेलको मन्त्रालय खोसियो, विष्णु पौडेललाई अर्थ (सूचीसहित)". Onlinekhabar (in Nepali). Retrieved 14 October 2020.
  14. ^ "Newly-appointed PM Deuba, four ministers take oath of office and secrecy". myrepublica. Retrieved 13 July 2021.
  15. ^ "PM Sher Bahadur Deuba to look after Ministry of Finance". sharesansar. Retrieved 16 July 2022.
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