The budget is meant to feed the ambitious and wealthy, the target is not met: Former Finance Minister Mahat
-
Media Baaji
- Wed, 10 June 2026
Kathmandu. Former finance minister and Nepali Congress leader Dr. Prakasharan Mahat has commented that the budget for the next financial year 2083-84 brought by the government is very ambitious and it has taken a policy to feed the rich class rather than the lower and middle class.
Speaking at the budget review program organized by the Federation of Nepal Industry and Trade on Tuesday, Dr. Mahat claimed that the budget size, revenue targets and economic growth projections were not realistic. In the current situation, the economic growth rate of 7 percent and the goal of creating 1.5 million jobs cannot be achieved, he said. The main weakness of Dr. Mahat pointed out.
Express
Related News
The stock market fell to 2,650 points, trading was limited to 3.77 billion
Kathmandu. On Friday, NEPSE index decreased by 4.05 points and reached 2650 points. As the market continued throughout the day and night, the transaction amount also decreased to Rs 3.77 billion. The previous day, there was a turnover of 4.62 bill...
Fixed foreign currency exchange rates
Kathmandu. The foreign currency exchange rate determined by Nepal Rastra Bank today is stable. According to the National Bank, today the same rate as yesterday is maintained. Today, the buying rate of one US dollar is 151 rupees 61 paisa and the s...
The price of gold is rising day by day, how much is the transaction per tola today?
Kathmandu. The price of gold in the Nepalese market has exceeded three lakh 28 thousand rupees per tola. According to the Federation of Nepal Gold and Silver Traders, the price of gold in Chapawal was fixed at 328,600 rupees per tola on Tuesday. S...
Advice to candidates by the Election Commission: Do not delay in opening a bank account
Kathmandu. The Election Commission has advised the House of Representatives candidates not to delay in opening bank accounts. In a press conference held on Friday, the commission informed all the candidates that they have to spend from this accoun...
Fluctuations in the price of the dollar and the euro: This is the exchange rate of foreign currencies on Wednesday
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currencies for Wednesday. According to the latest information published by the Central Bank, today the buying rate of one US dollar has remained at 152 rupees 08 pai...
Naima's interest in EV motor capacity dispute, urges government to make clear standards
Kathmandu. Nepal Automobile Importers and Manufacturers Association Naima has said that it has drawn attention to the recent comments, discussions and explanations regarding the motor capacity of electric vehicles 9EV0.
Naima issued a statem...