Tuesday, January 12, 2010

FINANCE SYSTEM

Finance generally deals about the money. In Nepal for controlling the finance system seprate minister is created known as finance minister of nepal.This ministery controls the income and the expenditure of the government which is known as the budget system. The finance minister makes the budget dealing about the income and what amount of money should be spent in various sectors such as education,transportation,food and others.
The finance system of Nepal is very poor because the budget is made more than the income of the country an some percent is accepted from the foreign donar and foreign country.The budget is made at the at the end of the fiscal year showing all the work progress and the total expenditure and the remaining amount . Due change in government the work esimated work is incompleted and the amount is wasted and corrupted.So the finance system is very poor and needs to improve by the government.

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