The budget is meant to feed the ambitious and wealthy, the target is not met: Former Finance Minister Mahat
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
Construction permission for 10 hydropower projects till mid-October
Kathmandu. The Electricity Development Department has granted construction permits to a total of 10 hydropower projects in the first quarter of the current year. The total capacity of that project is equal to 241.50 megawatts. The department has g...
The price of gold and silver increased today, how much did it reach per tola?
Kathmandu. The price of gold and silver in the local market has been continuously increasing for the last few days. Even today, the prices of both the metals have increased. According to the Nepal Gold and Silver Traders Association, the price of...
Most of the commercial banks have reduced the interest rate for the month of February, how much?
Kathmandu. Commercial banks have announced the new interest rates applicable for the month of February. According to the information published by the banks, most of them have reduced the interest rates. It seems that the maximum average interest r...
What is the exchange rate of which foreign currency on Friday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one US dollar is 146 rupees 84 paisa and the selling rate is 147 rupees 44 paisa. Similarly,...
What is the exchange rate of which foreign currency on Tuesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one US dollar is 146 rupees 81 paisa and the selling rate is 147 rupees 41 paisa. Similarly,...
The economic growth rate of the current fiscal year is expected to be limited to three and a half percent
Kathmandu. The government has predicted that the country's economic growth will be limited to 3.5 percent. This projection has been made in the half-yearly review of the current financial year's budget. The annual growth rate of the current year's...



