October 28, 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

The price of gold and silver increased today, how much did it reach per tola?

Kathmandu. The price of gold and silver in the local market has been continuously increasing for the last few days. Even today, the prices of both the metals have increased. According to the Nepal Gold and Silver Traders Association, the price of...

149 countries are open for Nepali workers, labor contracts are limited to 13

Kathmandu. Although the government has opened up 149 countries for Nepali workers, it has signed bilateral labor agreements with only 13 countries so far. With the signing of a labor agreement between Nepal and Saudi Arabia on January 11, the numb...

Gold price increased, how much per tola?

Kathmandu. The price of gold and silver has increased in the local market on Sunday. Compared to last Friday, gold has increased by Rs 1,900 and silver by Rs 40. According to the Nepal Gold and Silver Trade Federation, today the price of one tola...

What is the exchange rate of foreign currency on Thursday?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 141 rupees 45 paisa and the selling rate is 142...

IPO distribution of Ridge Energy completed, 1 lakh 18 thousand people got shares

Kathmandu. Ridge Line Energy Limited has completed the IPO process issued to the general public. Sales manager Prabhu Capital completed the allotment this morning. IPO of the company 118 thousand 26 people have acquired 11 lakh 80 thousand 260 sha...

NMB Bank launches 'EV Auto Loan' at 0.5% for new electric vehicles

Kathmandu.  NMB Bank Limited has introduced loan facilities for new electric vehicles at a special interest rate starting from 0.5%, targeting the Naima Auto Expo. With the objective of promoting environment friendly transportation and sustai...