Kathmandu-The government has announced plans to transfer large amounts of long-unclaimed money from dormant bank and financial institution accounts into the state treasury. According to its recently unveiled 100-point agenda, accounts inactive for over 10 years will be reviewed, and unclaimed funds will be transferred after completing legal procedures.

Currently, over Rs 188 billion remains unclaimed across approximately 19.01 million dormant accounts. The government aims to utilize these funds for major infrastructure and development projects. A 90-day deadline has been set for collecting data, verifying accounts, and completing the legal process.

In parallel, the government is prioritizing revenue system reforms. Large businesses are required to implement electronic billing within one month to enhance transparency and efficiency. The Ministry of Finance has been tasked with preparing an action plan within 45 days to automate tax administration, reduce revenue leakage, and simplify taxpayer services.

Additionally, the government plans to restructure public funds. With more than 139 funds identified as fragmented or inefficient, a framework will be developed within 60 days to consolidate and invest them in high-return projects.

Overall, these measures aim to mobilize idle resources, strengthen revenue management, and improve the effectiveness of public investment.