Law Info Nepal

1.2 Concept of Fiscal Power and its Limitations

यो उत्तर युनिट १ मा छ — पूरै निःशुल्क।

The fiscal power — the state's power to take-and-spend: the taxing power (the compulsory taking — the sovereignty's oldest attribute); the spending power; the borrowing power; the monetary's border (the NRB's domain). The limitations (the law's answers to the power'sdangers):

1. The constitutional limits: the no-taxation-without-law principle (the tax's statutory basis — the parliament's monopoly); the annuality (the budget's year); the appropriation's discipline (the spending's authorisation); the federal division (the three-level fiscal powers of Arts 56-60's verified frame).

2. The rights' limits: the property's respect (the tax's due process — the proportionality's application).

3. The political limits: the parliament's control (the budget's passage; the accounts' scrutiny); the electorate's ultimate answer.

4. The international limits: the treaties' constraints (the WTO's bindings of the trade course).

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