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
Janakpur-Jayanagar train service will be closed for 3 days for election
Kathmandu. Nepal Railway Company Limited has announced that the train service operating on the Janakpur-Jayanagar section will be completely closed for three days, aiming at the upcoming election of members of the House of Representatives. Accordi...
The price of gold decreased by 18 thousand 800 per tola, how much is the transaction going on today?
Kathmandu. The price of gold has decreased in the Nepali market on Sunday. According to the Federation of Nepal Gold and Silver Traders, today the price of gold has decreased by 18 thousand 800 rupees per tola. Along with this, on Sunday, the pric...
60.1 million collected in reconstruction fund
Kathmandu. So far, 60 million rupees have been collected in the physical infrastructure reconstruction fund established by the government for the reconstruction of physical structures damaged by arson and vandalism dur...
NEPSE increased by 17 points, turnover over 4.83 billion rupees
Kathmandu. On Friday, the last trading day of the week, the Nepal Stock Exchange NEPSE index rose by 17.15 points to 2,591.80 points. A positive sign was seen in the stock market as the market increased by 0.66 percent. Most of the company's...
What is the exchange rate of which foreign currency for today?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 150 rupees 74 paisa and the selling rate has been fixed at 151 rupees 34 pai...
The new interest rate of commercial banks for the month of Baisakh has been announced, who's how much?
Kathmandu. The new interest rates announced by the commercial banks for the month of April have indicated a slight decline in deposits. Compared to Chait, the average interest rate of both personal and institutional deposits has decreased in Baisa...