KATHMANDU: The annual report of the National Natural Resources and Fiscal Commission has been presented to President Ramchandra Paudel. Chairman Balanand Paudel delivered the report for the fiscal year 2080/81 BS during a ceremony held at Rashtrapati Bhawan Sheetal Niwas on Friday.

President Paudel emphasized in his speech the commission's important function and duty in putting fiscal federalism into practice. He conveyed his belief that the commission would function in a more cohesive, strong, and efficient manner in carrying out its duties concerning revenue sharing, financial equalization grants, internal debt limitations, and overseeing the spending commitments of all three branches of government.

Underscoring the commission's critical role in advancing the nation's financial management, the President stressed the commission's recommendations for actions to improve revenue collection within the confines of fiscal federalism.