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 foreign currency, which currency?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Monday. According to the new rates published by the Central Bank, the buying rate of one US dollar has remained at 154 rupees 21 paise and the selling rate ha...
Solu Hydropower's IPO is being distributed today, how many will get shares?
Kathmandu. The IPO of Solu Hydropower Limited will be distributed today. Nabil Investment Banking Limited and Himalayan Capital Limited will distribute the IPO today at 3:30 PM as the company's securities issuing and sales managers.
In the c...
New interest rate announced for the month of March, what is the interest rate of which bank?
Kathmandu. Commercial banks have announced the new interest rates applicable for the month of March. According to the public rate, the maximum average interest rate of individual term deposits has decreased slightly compared to February. The maxim...
Gold and silver prices are falling, how much is the transaction?
Kathmandu. The prices of both gold and silver have fallen in the Nepali market. On this day, gold decreased by 1000 rupees per tola and silver decreased by 15 rupees per tola.
According to the Nepal Gold and Silver Traders Federation, gold w...
Gold price increased on Friday, how much per tola?
Kathmandu. The price of gold has increased in Nepali market today. Gold tola has gone up by 900 rupees. According to the Nepal Gold and Silver Traders Federation, gold is being bought and sold at 296,900 rupees per tola today. Today, the price of...
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 exchange rate set for today, the value of the US dollar has increased. According to the fixed exchange rate, the buying rate of one US do...