Nepal has developed a well-founded policy and legal framework to integrate Climate Change Adaptation (CCA) and Disaster Risk Reduction and Management (DRRM) into its planning and budgeting processes. While the sixteenth National Development Plan (2024/25–2028/29) has targeted increasing the climate relevant budget from 6% to 20 % in the next five years. Likewise, the Disaster Risk Reduction Strategic Action Plan (2018–2030) requires each development sector, such as agriculture, health, and infrastructure, to allocate at least 5% of its annual budget for DRRM. However, existing evidence highlights a gap in the allocation, availability, and utilization of funds for CCA and DRRM interventions. Against this backdrop, this study was commissioned to understand status, opportunities, challenges and gaps in existing policies and examine the factors influencing risk-informed planning and budgeting.