Regular payments from federal, provincial, and local government accounts will be suspended for one week starting from 12:00 AM on Thursday as Nepal enters the final phase of the current fiscal year. The temporary suspension is intended to facilitate year-end financial reconciliation, account updates, and expenditure verification.

The Office of the Financial Comptroller General (OFCG) stated that the arrangement has been implemented in accordance with Rule 30(1) of the Financial Procedure and Fiscal Responsibility Regulations, 2077, which requires all regular payments, releases, and expenditure records to be updated at least seven days before the end of the fiscal year.

Accordingly, the Local Consolidated Fund Management System (SuTRA), which is used by local governments for financial transactions, will also be suspended from midnight on Asar 25. However, under Rule 30(7), limited transactions related solely to account reconciliation will be permitted until Asar 32, 2083.

The OFCG has directed all government offices to deposit outstanding deductions from payments made up to Asar 25, including advance income tax, VAT, salary tax, Employees Provident Fund contributions, Citizen Investment Trust deposits, life insurance funds, contribution-based pension funds, and withheld security deposits, into the designated bank accounts without delay.

Additionally, any electronic payments initiated through the Local Consolidated Fund Management System before Asar 25 but failed due to technical or other reasons must be reprocessed during the reconciliation period.

The office has also instructed federal, provincial, and local bodies to return any unspent conditional, complementary, and special grant funds received from the federal or provincial governments to the respective treasury and accounts offices before the end of the fiscal year.