June 10, 2026, Wednesday
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

What is the exchange rate of which foreign currency on Sunday?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to the fixed exchange rate, the buying rate of one US dollar is 148 rupees 39 paisa and the selling rate is 148 rupees 99 paisa. Similarly, the...

Himali Hydro Fund convened a general meeting to pass the IPO proposal

Kathmandu. Himali Hydro Fund Limited is going to issue an IPO. The company has called the fourth general meeting to pass the IPO issue proposal. The meeting of the company will start from 10 am at the registered office of the company in Kathmandu...

Akasio gold price, how much per tola on Sunday?

Kathmandu. The price of gold has set a new record in Nepali market today. The price of gold rose by 2,400 rupees and became the highest so far. According to the Nepal Gold and Silver Traders Federation, gold has reached 3 lakh 3 thousand 800 rupee...

Ministry of Education said: Free MBBS for Genji injured is not against the rules

Kathmandu. The Ministry of Education, Science and Technology has clarified that the decision to give free MBBS study opportunity to Ekta Shah, who was injured during the Genji movement, is not against the law and rules. According to the rules of t...

Purchase of paddy at support price by cooperative in Bardia, relief to farmers

Bardia. The government had fixed the minimum support price of rice at the time to provide a fair price of rice to the farmers. Although the minimum support price of paddy was fixed, the farmers were not able to get the...

Modi Energy has received preliminary approval for the issue of rights shares from the Electricity Regulatory Commission

Kathmandu. Modi Energy Limited has received prior approval from the Electricity Regulatory Commission to issue rights shares. The company had submitted an application to the Electricity Regulatory Commission seeking prior approval for the issue of...