Nepal Ministry of Finance Slashes Fuel Allowances for Government Officials

Kathmandu. The Ministry of Finance has decided to implement significant cuts to the fuel allowances provided to government employees and officials. Finance Minister Dr. Swarnim Wagle approved the decision on Monday to protect the economy from the ongoing fuel crisis.The Ministry stated that this decision was made to maintain austerity in public spending due to the sharp rise in petroleum prices in the international market, supply shortages, and the failure to meet revenue collection targets in the current fiscal year.Exercising the authority granted by Sections 20 and 24 of the Financial Procedures and Fiscal Responsibility Act, 2076, the Ministry of...