Nepal, Nov. 11 -- Nepal's federal journey began with the promulgation of the Constitution in 2015. It was envisioned as a transformative step to bring governance closer to the people by distributing power among the federal, provincial and local tiers, thereby enabling effective public service delivery grounded in the principle of subsidiarity. Over the past decade, however, the implementation of fiscal federalism-the fiscal backbone of any federal system-has remained incomplete. While functional responsibilities have been constitutionally decentralised to the provinces and local levels, the fiscal powers required to carry them out remain largely concentrated at the federal level. This imbalance has frustrated subnational authorities and c...