Economics and Planning notes for Lok Sewa: Nepal’s periodic plans, the National Planning Commission, the budget process, GDP and economic indicators, poverty, agriculture, trade, foreign aid and the Sustainable Development Goals. Notes explain each idea simply and highlight the figures and plan targets that are often asked in Nayab Subba and Section Officer papers. Economic figures change every year, so check the date on each post and the latest Economic Survey and budget speech before the exam.
Fiscal federalism in Nepal for Section Officer: Articles 59–60, NNRFC, revenue sharing (70/15/15, 50/25/25), the four types of grants, budget dates and key concepts, with a 50-question quiz.
SDGs for Section Officer and Lok Sewa: all 17 goals, 169 targets, MDGs vs SDGs, 5 Ps, and how Nepal implements the 2030 Agenda, with a 51-question quiz.
Nayab Subba Paper II unit 1.7: the three-pillar economic policy of the Constitution, the role and problems of public enterprises, the private sector and PPP, and cooperatives with their principles and current issues.
Taxes are the main source of income for the Government of Nepal. Lok Sewa asks about the difference between direct and indirect taxes, when VAT started and at what rate, which office collects which tax, and how tax powers are divided in the federal system. This note covers these key points in simple terms.
The budget is the government’s yearly plan of income and spending. Nepal’s federal budget is presented on Jestha 15 every year, and Lok Sewa often asks about this date, the fiscal year, types of budget, kinds of expenditure and the funds named in the Constitution. This note explains all of these in simple terms.
Kharidar Paper III units 4.5–4.6: tax deduction at source under chapter 17 of the Income Tax Act 2058 and section 8 of the Audit Act 2075 (matters to be audited).
Kharidar Paper III unit 4.3: VAT in Nepal: meaning, registration and deregistration, return filing, exempt and zero-rated goods and VAT withholding by government offices.
Kharidar Paper III unit 2.2: budget estimate and approval process in Nepal (Article 119, Jestha 15, appropriation act, budget release) and the Line Ministry Budget Information System (LMBIS).
Nepal began planned development in 2013 BS with its First Five-Year Plan and has prepared sixteen periodic plans so far. Lok Sewa often asks when a plan started, which plans were three-year plans, which plan focused only on poverty and what the current plan’s vision is. This note lists every plan in order with its key points.
Agriculture feeds most Nepalis, industry is still small, and trade with India and China shapes the economy. Lok Sewa asks about the main crops, important industries and laws, Nepal’s main trading partners, what it exports and imports, and its membership of the WTO. This note covers these three sectors.
