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
The upcoming budget will focus on economic transformation: Finance Minister Dr Wagle
Kathmandu. Finance Minister Dr Swarnim Wagle has said that the budget to be presented on May 15 will focus on economic transformation. Finance Minister Wagle clarified the government's opinion on the current economic, political and contemporary is...
Five construction companies blacklisted, barred from participating in any public procurement
Kathmandu. The Public Procurement Monitoring Office has blacklisted five construction companies. The office issued a notice today and said that the company has been blacklisted.
According to the written submissions from various agencies, acc...
What is the exchange rate of which foreign currency on Wednesday?
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 American dollar is 145 rupees 27 paisa and the selling rate is 145 rupees 87 paisa. Simi...
More than 2.7 million smart licenses were sent to the offices for distribution
Kathmandu. The Transport Management Department has completed the printing of driver's license (Smart License) which has been stopped for the past four years and has accelerated the distribution process.
The department issued a statement and...
A modest increase in NEPSE, turnover above 11.49 billion
Kathmandu. On the third trading day of the week, the NEPSE index increased by 5.38 points to 2731.89. During the day, 236 million 18 thousand 186 shares of 334 companies were bought and sold, amounting to 11 billion 49 million 39 million shares. T...
Preparation to amend the Nepal Rastra Bank Act
Kathmandu. Nepal Rastra Bank Act 2058 is going to be amended. In order to amend and update the Nepal National Bank Act in a timely manner, the government has drafted the 'Bill to Amend the Nepal National Bank Act, 2058'.
The Ministry o...