All Government Accounts to Be Frozen for a Week Starting Midnight Tonight, Today is the Final Day for Budget Disbursement

As the current fiscal year 2080/81 nears its end, all government accounts will be frozen for a week starting midnight tonight. According to the Financial Procedure and Fiscal Accountability Regulations 2077, accounts operated by the Office of the Comptroller General, provincial accounts offices, and district treasury offices will be closed from tonight, confirmed Sushila Aryal, spokesperson for the Office of the Comptroller General.

As per regulations, government accounts must be frozen seven days before the fiscal year ends. Therefore, today marks the final day to disburse any remaining budget obligations created for the current fiscal year. From tonight, the Local Consolidated Fund Management System, Single Treasury Account System, and Computerized Government Accounting System will also be temporarily shut down.

During the freeze, only those budget headings explicitly marked as “non-freezable” in the Appropriation Act will be eligible for disbursement. Payments under all other headings will be restricted.

As of the previous day (Asar 24), government expenditure has reached approximately 79% of the allocated budget. Specifically, 84% of recurrent expenditure, 53% of capital expenditure, and 86% of financial management allocations have been spent, according to data from the Office of the Comptroller General.

This temporary closure of government accounts is a routine administrative measure implemented at the end of every fiscal year to ensure accurate financial reconciliation and smooth transition into the next fiscal year.