SARA PATHSHALA

Privatization refers to the process of transferring ownership, control, or management of public sector assets, enterprises, or services to the private sector. This can occur through various methods, such as selling state-owned enterprises (SOEs) to private investors, contracting out public services to private companies, or deregulating industries to encourage private participation. The primary goals of privatization are often to enhance efficiency, reduce government expenditure, and stimulate economic growth. In the context of Nepal, privatization has been discussed as a potential solution to address challenges faced by state-owned enterprises, which have historically struggled with inefficiency, corruption, and financial losses. Advantages of Privatization in Nepal Privatization can bring several benefits to Nepal, particularly given the country’s socio-economic challenges and the inefficiencies of its public sector. The key advantages are: Increased Efficiency Private companies are...

Public revenue refers to the total income a government collects from various sources to fund its operations and provide public services. In other words, public revenue is the sum of all these sources—taxes, non-tax income, grants, and borrowed funds. Governments use this money to pay for essential services like education, healthcare, infrastructure, and defense. Public Revenue Sources in the Context of Nepal Public revenue in Nepal refers to the income collected by the government to finance its operations, provide public services, and support development initiatives. Nepal operates under a federal system, established by the Constitution of 2072, which divides governance into three tiers: central, provincial, and local. Each level of government has specific revenue-raising powers, with the central government collecting the majority of the nation's public revenue. Below, I explain the main sources of public revenue in Nepal, focusing primarily on the central government while also ack...