Nepal’s Finance Minister Janardan Sharma resigned after the parliamentary speaker ordered an investigation into allegations of unauthorised changes in the state budget.
His resignation comes as Nepal faces surging inflation and a fall in its foreign exchange reserves.Opposition parties and some lawmakers of the ruling center-left alliance have accused Sharma of inviting"unauthorised persons" to make changes in some tax rates in the federal budget just a day before he presented the spending plan for the fiscal year 2022-23. He has denied any wrongdoing.
Sharma, a former Maoist rebel leader, was involved in removing central bank governor Maha Prasad Adhikari in April, accusing him of leaking sensitive financial information to the media. Adhikari was later reinstated by the Supreme Court.
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