Former Finance Minister Surendra Pandey: State Alone Cannot Mobilize All Resources for Development

Kathmandu. Former Finance Minister Surendra Pandey has stated that the state alone cannot mobilize all the resources required for the country's development. He believes that the economic transformation of the country is not possible without the active and meaningful participation of the private sector.

Speaking at a special discussion program on the upcoming fiscal year 2083/84 budget organized in the capital, former Finance Minister Pandey clarified that although the state will always play a leading role in the process of nation-building, the government alone cannot bear the entire responsibility for development. He pointed out that there is still a need for policy clarity on the roles of the state and the private sector in nation-building. He emphasized that the state should present a clear perspective on the scope of work and roles between the government and the private sector in the coming days.