Kathmandu, 13 May : Minister for Finance Dr Prakash Sharan Mahat clarified that there was no possibility to roll out extensive and big size budget for the fiscal year, 2023/24.
At a programme organized by the Centre for Economic Development and Administration and the National Economic Concern Society Nepal here today, Minister Mahat explained that it was not possible to introduce big size budget due to the limited resources.
The event was organized to furnish suggestions for the upcoming budget. “The biggest challenge at present is decreased revenue collection. There are limitations to bring expansive and big size budget,” he added. Stating that the incumbent government and himself as the Minister of Finance were putting their best efforts to improve the national economy, Mahat pledged to make sincere efforts to bring about good changes in the national economy during his tenure.
According to him, he saw many problems after assuming his office. “There are many problems in reality than what it seems from outside. I cannot solve all the problems on my own. However, I will put sincere efforts on my part.” “The State mechanism will deliver to its best to improve economy,” he said, calling for cooperation from the private sector to revive the flagging economy.
