Part 19 : Local Financial Procedures | The Constitution of Nepal 2015

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Part 19
Local Financial Procedures

228. No tax to be levied or loan to be raised:

  1. No tax shall be levied and collected and no loan raised in the Local level except in accordance with law.
  2. The Local level may levy tax by law on matters falling within its domain without prejudice to national economic policies, carriage of goods and services, capital and labour market, and the neighbouring State or Local level.

229. Local Consolidated Fund:

  1. Each Village Body and Municipality under the Local Level shall have one Local Consolidate Fund. All revenues received by the Village Body or Municipality, any amounts of grants received from the Government of Nepal and the State Government, all loans raised by the Village Body and Municipality, and amounts received from other sources shall be credited to such a Fund.
  2. Matters relating to expenditures from the Local Consolidated Fund under clause (1) shall be as provided for in the Local law.

230. Estimates of revenues and expenditures of Village Body and Municipality:

  1. The Village Executive and the Municipal Executive shall, subject to this Constitution, lay an estimate of revenues and expenditures of every financial year before, and have the estimate passed by, the Village Assembly and the Municipal Assembly, respectively, as provided for in the Local law.
  2. If, in laying an estimate of revenues and expenditures under clause (1), the Village Executive or Municipal Executive is required to make a deficit budget, it must purpose also the sources to meet the deficit as provided for in the Federal law and the State law.

Or, View Table of Contents:
Part-1 : Preliminary
Part-2 : Citizenship
Part 3 : Fundamental Rights and Duties
Part 4 : Directive Principles, Policies and Obligations of the State
Part 5 : Structure of State and Distribution of State Power
Part 6 : President and Vice-President
Part 7 : Federal Executive
Part 8 : Federal Legislature
Part 9 : Federal Legislative Procedures
Part 10 : Federal Financial Procedures
Part 11 : Judiciary
Part 12 : Attorney General
Part 13 : State Executive
Part 14 : State Legislature
Part 15 : State Legislative Procedures
Part 16 : State Financial Procedures
Part 17 : Local Executive
Part 18 : Local Legislature
Part 19 : Local Financial Procedures
Part 20 : Interrelations between Federation, State and Local Level
Part 21 : Commission for the Investigation of Abuse of Authority
Part 22 : Auditor General
Part 23 : Public Service Commission
Part 24 : Election Commission
Part 25 : National Human Rights Commission
Part 26 : National Natural Resources and Fiscal Commission
Part 27 : Other Commissions
Part 28 : Provisions Relating to National Security
Part 29 : Provisions Relating to Political Parties
Part 30 : Emergency Power
Part 31 : Amendment to the Constitution
Part 32 : Miscellaneous
Part 33 : Transitional Provisions
Part 34 : Definitions and Interpretations
Part 35 : Short Title, Commencement and Repeal
Schedule 1 : National Flag of Nepal
Schedule 2 : National Anthem of Nepal
Schedule 3 : Coat of Arms of Nepal
Schedule 4 : States, and Districts to be included in the concerned States.
Schedule 5 : List of Federal Power
Schedule 6 : List of State Power
Schedule 7: List of Concurrent Powers of Federation and State
Schedule 8: List of Local Level Power
Schedule 9 : List of Concurrent Powers of Federation, State and Local Level