In summary, it is the more recent period that could be characterised as activist and expansionary in that there are bigger swings in the budgetary position and, on average, it tends to show a much bigger deficit.
In this regard, cooperatives are felt to be an important provider of rural financial services to spurt inclusive growth. Ladies and Gentlemen,   Government of Nepal in Financial Sector Development Strategy (FSDS), issued in January 6, 2017 has recognized the importance of the Cooperative Sector to achieve economic development and in this regard, has devoted a separate chapter to its elaboration.