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
IPO sale of Bhujung Hydropower is open, how many shares can be filled?
Kathmandu. Bhujung Hydropower Limited has opened the IPO sale for the public from January 12 today. The company has issued the IPO and distributed it to local residents affected by the project and Nepalese who have gone abroad for employment, and...
On Wednesday, the NEPSE fell by 30.09 points, with debentures the most traded
Kathmandu. On Wednesday, the third day of trading of the week, the stock market gauge NEPSE index decreased. On Wednesday, NEPSE index decreased by 30.09 points to 2621.59 points. A total of 84 lakh 63 thousand 15 shares of 362 companies were boug...
Decline in paddy production in Bhojpur: Farmers suffer due to erratic weather
Bhojpur. Due to irregular weather this year, paddy production has declined in Bhojpur district. According to Krishi Gyan Kendra, the production has decreased due to the lack of sufficient rain on time and the unseasonal rain after planting has dam...
Federation's objection to industrialists' strike and preparation for power cut
Kathmandu. Federation of Nepal Chamber of Commerce and Industry (FNCCI) has expressed serious concern about the preparations to cut the power lines of the industries within the industrial area run by the Industrial Zone Management Limited and crea...
Rice production in the Far West: Area decreased, productivity increased
Kanchanpur. Paddy productivity has increased in recent years in Sudurpaschim Province. The Agriculture Development Directorate Sudurpaschim has said that the rice production has increased after the farmers started to b...
The stock market increased by 10 points, turnover of 4 billion 45 million
Kathmandu. On Wednesday, the stock market increased by 10.30 points. With the increase of that number, the market index NEPSE has remained at 2648.90 points. The previous day, NEPSE increased by 21 points. The transaction amount has generally incr...