FCGO Submits Integrated Financial Statement for FY 2024/25 to FM, Auditor General

The Financial Comptroller General Office (FCGO) on Monday, December 29, submitted the integrated financial statement of the federal, provincial, and local governments for the last fiscal year, 2024/25.

Financial Comptroller General Shobha Kanta Poudel presented the report separately to Finance Minister Rameshore Khanal and Auditor General Toyam Raya.

The FCGO oversees the operation of the Federal Consolidated Fund and is responsible for preparing and submitting integrated financial statements and reports for all three tiers of government.

“Although the consolidated funds of the federal, provincial, and local governments showed a deficit of Rs 108.99 billion in FY 2024/25, the cash position remained in surplus at Rs 104.13 billion,” the office said in a statement. “Considering the balances of various funds across all government tiers, including extra-budgetary funds, the total cash and bank balance stood at a surplus of Rs 188.94 billion.”

Prepared in line with Nepal Public Sector Accounting Standards, sanctioned by the Government of Nepal, and following the accounting format approved by the Auditor General, the report also includes details mandated by existing laws for federal, provincial, and local governments, as well as extra-budgetary entities.

(With inputs from RSS)