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 .