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‘It is necessary to reduce deficits to maintain financial discipline’

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Kathmandu. It has been emphasized that constitutional bodies, three levels of government and public institutions should conduct regular audits and maintain financial discipline by reducing the irregularities seen. The emphasis has been placed on prioritizing the settlement of irregularities to maintain financial discipline.

At a program organized here today on the occasion of the 67th anniversary of the Office of the Auditor General, Speaker Devraj Ghimire mentioned that the Office of the Auditor General has been playing an important role for economy, efficiency and effectiveness in government bodies. He said that more seriousness should be given to the proper utilization of public resources and maintaining financial discipline through audits. “To reduce waste, all bodies should perform their work responsibly, take necessary initiatives for capacity building and awareness of employees, maintain institutional good governance and effectively implement the suggestions given by the Auditor General,” said Speaker Ghimire.

Public Accounts Committee Chairman Hrishikesh Pokharel said that it is necessary to maintain discipline in the use of public resources. He said that the relationship between the Auditor General’s Office and the Accounts Committee is cordial and that the sole efforts of the Waste Settlement Committee will not be sufficient. “The Public Accounts Committee alone cannot solve the waste problem. The concerned office should also be responsible for this,” he said.

Auditor General Toyam Raya emphasized that public bodies should implement the audit policy and annual work schedule on time. He said, “It is the responsibility of all constitutional bodies, ministries, departments, provincial and local governments and public institutions to maintain good financial governance.” The Office of the Auditor General is currently conducting arrears audits, risk-based audits, performance and special audits, environmental audits, information technology audits, audits of corporate bodies and justification audits. For this, it is stated that the work has been carried out as per the rules by publishing an annual work schedule.

According to the 62nd Annual Report of the Auditor General, 2082, the updated deficit identified through audits towards federal government offices, provincial government offices, local levels and institutions is Rs. 733.19 billion and 90 million. The updated deficit has increased by 9.45 percent compared to the previous year. Similarly, the amount to be settled by taking action on additional audit arrears, revenue arrears, foreign grants and loans to be reimbursed has reached Rs 551.1 billion, bringing the total amount of uncollected assets to Rs 1284.2 billion. According to the report, uncollected assets worth Rs 91.59 billion 79 million have been added in the fiscal year 2080-81 alone.

On that occasion, Mahabharat Rural Municipality of Kavrepalanchok district was honored for achieving zero uncollected assets. One municipality and outstanding employee from each province with the lowest uncollected assets were also honored.

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