Finance Committee 2074

Functions, duties and powers

                 Subject to the purview  of the jurisdiction of the finance committee pursuant to rule  175 of the House of the Representatives  Rules, 2075(2018) (Ministry of Finance,  National Natural Resources and Finance Committee, Investment Board, National Planning Commission) the functions, duties and powers of this committee are as follows:-

  • To conduct clause by clause discussion on a Bill related to the ministry, commission and body under its own jurisdiction and submit report relating thereto.
  • To give necessary directives to the concerned bodies by  evaluating  the policy and program, resource mobilization, management, and other similar activities of the ministries, departments and the bodies there under and  to  present   an annual report  together with proper comments, recommendations and directives to the  sitting.
  • To give necessary directives, after examining the estimates relating to revenue and expenditure of the ministries, departments and the bodies there under, to the concerned bodies on the method of preparing the annual estimates, alternate policy that could be pursued instead of the policy underlying in the annual estimates and to what extent economy can be effected in the amount of annual estimates; and to present annual report together with its opinion to the sitting .
  • To give necessary directives to the concerned bodies after studying the measures taken by the Government of Nepal in order to fulfill the assurances given from time to time by the ministers on behalf of the Government to the sitting , and to present a report to the sitting,
  • To give necessary directives after  studying, monitoring and evaluating  whether or not the public property of a government body related to the subject is embezzled  and to present  a report to the sitting ,
  • To give necessary directives to the concerned bodies  after evaluating a matter whether or not the rules made under delegated authority are  made in consistent with the Constitution, concerned Act , prevailing   laws and  whether or not the government  has carried out work  according to the prevailing Act, rules .
  • To give necessary opinion, suggestion, and directives to the concerned body after  monitoring  the execution of the  reports submitted by investigation commissions/committees and inquiry commissions/committees to be formed by the government from time to time.
  • To  monitor and evaluate the works discharged by the ministries, departments and other bodies and give necessary directives as that regards ,
  • To carry out such other functions as assigned by the Sitting,
  • To operate  its programs subject to the budget and programs approved by the Speaker on the recommendation of the committee .