Tuesday, December 23rd, 2025

Finance Minister Khatiwada announces resignation



KATHMANDU: Minister for Finance, Communication and Information Technology Yuba Raj Khatiwada has announced that he would resign from the Minister of Finance today.

Minister Khatiwada announced his decision during a meeting of the Cabinet held at the Prime Minister’s official residence in Baluwatar today.

He said he would submit his resignation to President Bidhya Devi Bhandari this evening.

Meanwhile, today’s Cabinet meeting discussed issues, including the nomination of Nepal Communist Party (NCP) Vice Chairman Bam Dev Gautam, resignation of Minister for Finance, Communication and Information Technology Yuba Raj Khatiwada, coronavirus, among others, Baluwatar sources said.

Khatiwada had been relieved of his post as lawmaker six months ago. He had been appointed as the finance minister for six months as per Article 78 of the Constitution of Nepal.

The possibility for Khatiwada to get continuity as finance minister ended with the ruling Nepal Communist Party Secretariat meeting’s decision to take party’s Vice Chairman to the National Assembly.

With this decision, the search for a candidate for the post of finance minister has started in the ruling NCP.

According to sources, Vice Chairman Gautam, General Secretary Bishnu Paudel, Standing Committee members Janardan Sharma and Surendra Padey are in the fray for the post of Finance Minister.

Meanwhile, Prime Minister KP Oli told the Cabinet ministers to work without any hesitation ruling out the possibility of cabinet reshuffle soon.

Publish Date : 04 September 2020 15:10 PM

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