October 29, 2026, Thursday
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

The price of gold continues to rise

Kathmandu. Due to fluctuations in the international market, gradual increase in prices and changes in demand, the price of gold in the domestic market has been continuously rising. According to the Nepal Gold and Silve...

An increase of 15.70 points in NEPSE, a turnover of 4 billion 10 crores

Kathmandu. On the third trading day of the week, NEPSE index increased by 15.70 points to 2566.07. During the day, 92 lakh 55 thousand 457 shares of 345 companies were bought and sold, and over 4.1 billion shares were...

Aviral Hydropower to launch IPO

Kathmandu. Aviral Hydropower Company Limited is going to issue an IPO. The company has called the first annual general meeting on May 16 with a proposal to issue an IPO for the general public.

The meeting will start from 11 am at the registe...

65 crore worth of agricultural products in Parbat

the mountain In Parbat, which is becoming self-sufficient in food and vegetables, more than Rs. In the financial year 2081 and 2082, the volume of agricultural products produced by giving priority to the six main crops was traded. According to Par...

Fluctuations in the exchange rate of the dollar and the euro, the value of the currencies of the Gulf countries

Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currencies for Wednesday. According to the new exchange rate announced by the Central Bank, today the buying rate of one US dollar is 152 rupees 27 paisa and the sel...

Vikas Hydropower will pay a dividend of 10.52 percent

Kathmandu. Bikas Hydropower Company has proposed to give 10 percent bonus shares to shareholders and 0.5263 percent cash dividend for tax purposes from the profits of the financial year 2082/83. The proposal made by the board of directors meeting...