Kathmandu. Finance Minister Swarnim Wagle has said the foreign aid, grants and concessional loans coming to Nepal from the same perspective have created confusion. He made the remark while speaking at a meeting of the Public Accounts Committee (PAC) under the House of Representatives. <\/p>\n
Finance Minister Wagle clarified the real status of foreign loans and grants in the budget for this fiscal year. He said that although it was expected that a large amount of grants would be received in the budget in the past, the actual receipts were very low. <\/p>\n
He said, “Out of the budget of Rs 2124 billion this year, the total amount of loans taken is only Rs 248 billion. And this time, the grant is 62 billion, as MCA and others have also been calculated. According to him, the government has set a target of collecting Rs 48 to 52 billion in grants for the last five to seven years, but in reality, it has not been received more than Rs 10 to 15 billion. <\/p>\n
“We have been collecting Rs 48, 50 and 52 billion in grants since the last 5-7 years, but in reality we have not received more than Rs 10, 12 and 15 billion,” he said. However, the problem here is that there seems to be a difference of opinion when we look at the INGOs in the same basket, the grants that come bilaterally in the same basket and the concessional loans brought by multilateral agencies in the same basket. It has to be looked at in pieces. \u2019<\/p>\n
Finance Minister Wagle said that there was a need for a separate discussion on the contribution of non-governmental organizations (NGOs) and international non-governmental organizations. He said that serious discussions should be held on how strategic the foreign aid is and how much it is connected to the donor agencies’ own interests. <\/p>\n
“The NGOs and INGOs have had a lot of exposure since 1999 and have made a good contribution. But how strategic the foreign aid is, how many have come to fulfill their own interests and how many have actually come for Nepal’s development is a separate debate. The funding of INGOs has also dried up a lot,” he said.\u00a0 He said the bilateral grants received from India, China, the UK, Japan and the US, among other countries, are still continuing. “The importance of such grants should not be overlooked as they come out of necessity and a long process,” he said. <\/p>\n
He said, “The grants given by the Indian government, the Chinese government, the UK, Japan and the US government have been coming and are still coming in the bilateral grant.” Between $50 million and $100 million is given by our major donors and donor countries. It’s not that it’s unnecessary, it’s done through a long process. \u2019<\/p>\n
Likewise, Auditor General Toyam Raya clarified that the Auditor General has been carrying out the auditing within the constitutional framework. According to him, the office will also have a role in the affairs of government offices, state and local levels as well as organizations with more than 50 percent ownership of the government. “The constitution mandates that this body should be audited on the functions, duties and powers of the Auditor General. There are names of government offices, provinces and local levels. Apart from this, the Auditor General has said that if the government of Nepal or the provincial government or local government owns more than 50 percent shares and assets of the corporate organization, then it should be advised. We have been working accordingly,” he said. <\/p>\n
Auditor General Raya said that consultation with the Auditor General should be done only on the necessary matters as per the Financial Procedures and Financial Accountability Regulations. He said that there is no compulsion to send files for consultation on all issues. <\/p>\n\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Finance Minister Swarnim Wagle has said the foreign aid, grants and concessional loans coming to Nepal from the same perspective have created confusion. He made the remark while speaking at a meeting of the Public Accounts Committee (PAC) under the House of Representatives. Finance Minister Wagle clarified the real status of foreign loans and […]<\/p>\n","protected":false},"author":1,"featured_media":36698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[90,123,126,129,147],"tags":[],"class_list":["post-36701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-en","category-banking-update-en","category-banking-news-en","category-special-en","category-news-en"],"acf":[],"jetpack_featured_media_url":"https:\/\/bankingsansar.com\/wp-content\/uploads\/2026\/08\/swarnim-wagle.jpg","publishedDateNp":"\u096a \u092d\u093e\u0926\u094d\u0930 \u0968\u0966\u096e\u0969, \u092c\u093f\u0939\u0940\u092c\u093e\u0930 \u0967\u0969:\u096b\u096f","_links":{"self":[{"href":"https:\/\/bankingsansar.com\/bs_api\/wp\/v2\/posts\/36701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bankingsansar.com\/bs_api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bankingsansar.com\/bs_api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bankingsansar.com\/bs_api\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bankingsansar.com\/bs_api\/wp\/v2\/comments?post=36701"}],"version-history":[{"count":1,"href":"https:\/\/bankingsansar.com\/bs_api\/wp\/v2\/posts\/36701\/revisions"}],"predecessor-version":[{"id":36702,"href":"https:\/\/bankingsansar.com\/bs_api\/wp\/v2\/posts\/36701\/revisions\/36702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bankingsansar.com\/bs_api\/wp\/v2\/media\/36698"}],"wp:attachment":[{"href":"https:\/\/bankingsansar.com\/bs_api\/wp\/v2\/media?parent=36701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bankingsansar.com\/bs_api\/wp\/v2\/categories?post=36701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bankingsansar.com\/bs_api\/wp\/v2\/tags?post=36701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}