Prepared by Hriti Foundation, this Fourth Quarterly Budget Review provides an in-depth analysis of the Karnali Province Government’s budget implementation during the fourth quarter of Fiscal Year 2081/82 (Baisakh–Asar). Beyond the quarterly performance, the report also examines the overall fiscal year’s budget performance, offering a comprehensive overview of how effectively the province executed its annual financial plan. It analyzes the budget structure, revenue sources, expenditure patterns, and sector-wise allocations, along with the implementation status of key policies and programs announced in the fiscal year. Furthermore, the review identifies major trends, structural bottlenecks, and challenges that have affected fiscal performance and service delivery. The report concludes with a set of evidence-based insights and actionable recommendations (short-term, mid-term and long-term) aimed at strengthening fiscal discipline, improving budget execution efficiency, and promoting greater transparency and accountability in Karnali Province’s public finance.
