(1) The Minister for Finance of the
Government of Nepal shall, in respect of every financial year, lay before the joint
sitting of both Houses of the Federal Parliament an annual estimate setting out,
inter alia, the following matters:
(a) an estimate of revenues,
(b) the moneys required to meet the charges on the Federal Consolidated
Fund, and
(c) the moneys required to meet the expenditure to be provided for by a
Federal Appropriation Act.
(2) The annual estimate to be laid pursuant to clause (1) shall also be
accompanied by a statement of the expenses allocated to every Ministry in the
previous financial year and particulars of whether the objectives of the expenses
have been achieved.
(3) The Minister for Finance of the Government of Nepal shall lay
before the Federal Parliament an estimate of revenues and expenditures under
clause (1) on the 15th day of Jesta (mid May) each year.