Nepal, July 9 -- Today is the last day for the disbursement of funds under the current fiscal year 2024/25, according to the Office of the Financial Comptroller General (FCGO). Starting midnight tonight, all government accounts will be frozen for one week.

As per Rule 30 of the Financial Procedures and Fiscal Accountability Regulations, 2077, the accounts operated by the FCGO, Provincial Accounts Controller Offices (PACOs), and District Treasury Controller Offices (DTCOs) will be closed, said FCGO Spokesperson Sushila Aryal.

Government systems including the Sub-National Treasury Regulatory Application (SuTRA), the Treasury Single Account (TSA), and the Computerized Government Accounting System (CGAS) will also be shut down for a week st...