November 9, 2026, Monday
English

The budget is meant to feed the ambitious and wealthy, the target is not met: Former Finance Minister Mahat

Main News Image

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.

mediabaaji add

Related News

Prepare to differentiate household and commercial cylinders to eliminate gas shortage, offer up to 50 kg

Prepare to differentiate household and commercial cylinders to eliminate gas shortage, offer up to 50 kg

  Kathmandu. In order to solve the long-term shortage of LP gas for frequent cooking, the Ministry of Industry, Commerce and Supply...

Richet Hydro to issue IPO to public, appoint RBB Merchant Banking as sales manager

Kathmandu. Upper Richet Hydropower Pvt Ltd has prepared to issue IPO for general public. The company has appointed RBB Merchant Banking Limited as the issue and sales manager. The agreement was signed by the executive chairman of the company, Anan...

1900 cooperatives in Kathmandu metropolis, half of them do not submit reports

Kathmandu. About 1,900 cooperatives are operating within the Kathmandu Metropolitan City. Even 50 percent of the operating cooperatives do not submit reports regularly. The fact that there are more cooperatives that do not report regularly means t...

The Election Commission received 6 billion 73 million rupees

Kathmandu. The Ministry of Finance has revised and increased the approved budget for the House of Representatives elections. The Commission had requested a budget of 7.81 billion rupees for the election, but the Ministry of Finance cut it by 40 pe...

High increase in the price of gold, now how much per tola?

Kathmandu. The price of gold has increased in Nepali market today. Gold rose by Rs 6,200 per tola in one day. According to the Nepal Gold and Silver Traders Federation, gold is being bought and sold at Rs 2 lakh 83 thousand 500 per tola today. On...

The process of implementing a modern landing system at Pokhara International Airport has progressed

30 October, Kathmandu. Due to bad weather and low visibility, the process of implementing a modern air navigation system has been progressed to reduce the problems of flight disruptions, diverting to other airports and flight cancellations at Pokh...