'Upcoming budget to bring long-term reforms, create multiplier benefits in the national economy'
Summary
National Planning Commission member Dr Sanjay Acharya discusses the upcoming Fiscal Year 2026/27 budget focusing on long-term reforms, good governance, and multiplier effects to boost Nepal's economy.
Key Points
- Dr Sanjay Acharya says the upcoming budget will lay foundations for long-term economic improvement based on good governance.
- The budget aims to encourage provincial and local governments to become self-reliant in resources.
- Labour productivity in Nepal is low compared to wages, and transportation costs discourage foreign investment.
- The government should listen to the private sector which contributes 80% to the economy and 85% to employment.
