KATHMANDU, Feb. 10 -- The federal government has succeeded in converting its reserve funds into a surplus of Rs 44.9 billion as of Thursday, after the government reduced its expenditure compared to revenue collection in around seven months of the current fiscal year.

The change in the status of public finance was a result of the government reducing its expenditure despite receiving borrowings. The government borrowed internal loans worth Rs 1.48 billion at an average interest rate of 5 percent in the past seven months.

Last year, by mid-February, the federal government's reserve funds were in a deficit of Rs 150 billion due to the overspending by the government bodies. However, this year, financial management has resulted in a significa...