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
What is the exchange rate of which foreign currency for Tuesday?
Kathmandu. Nepal Rastra Bank has announced the foreign currency exchange rate for Tuesday, June 16. According to the exchange rate published by the National Bank, the buying rate of one US dollar has remained at 150 rupees 97 paisa and the selling...
Opening of Nagadhunga tunnel tomorrow, only emergency vehicles will be allowed to ply
Kathmandu. Nepal's first modern transport tunnel 'Nagadhunga-Sisnekhola Tunnel' will be formally inaugurated from Monday.
The total cost of this project, which was completed with the concessional loan of Japan International Cooperation Agenc...
Genji Movement: Payment of over five billion claims for physical and other damages
Kathmandu. Out of the insurance claims for physical and other damages during the Zenji movement, Rs. 5.18 billion has been paid to the insured so far. The Nepal Insurance Authority issued a press release today and said that out of a total of 3,303...
IPO allocation of Bhujung Hydropower, 83 thousand got shares
Kathmandu. Bhujung Hydropower Limited has completed its IPO allotment to the general public. Sales manager Kumari Capital Limited has allotted the IPO today at 9 am on Tuesday. The company issued a total of 830,000 IPO shares to the general public...
The price of gold fell again, how much per tola on Friday?
Kathmandu. Recently, the price of gold in the Nepalese market has been continuously falling. Gold has decreased by two thousand 200 rupees per tola today. According to the Nepal Gold and Silver Traders Federation, gold is being bought and sold at...
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...