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Rampant financial anomalies result in soaring arrears

Kathmandu, May 15: every year, the arrear amount increases and the government is seen as reluctant to reduce it from the responsible authorities.

In the fiscal year 2080/81BS (2024/25) alone, the nation’s arrear amount has reached Rs 91.59 billion totalling Rs. 733.19 billion.

The Auditor General’s Report presented to President Ramchandra Paudel on Wednesday, May 14, stated that in the fiscal year 2080/81, federal ministries and agencies have Rs. 47.74 billion in arrears, provincial bodies Rs. 4.20 billion, local bodies 25.32 billion and other institutions Rs. 14.33 billion. 

Auditor General Toyam Raya presented the annual report to President Paudel at the Office of the President, Sheetal Niwas, on Wednesday. 

The arrears have been increasing every year due to the reluctance of the government administration to pay back.

People’s News Monitoring Service.

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