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.
Related News
What is the foreign currency exchange rate for Wednesday?
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 56 paisa and the selling rate is 142...
What is the foreign currency exchange rate for today?
Kathmandu. Nepal Rastra Bank has announced the exchange rate of foreign currency for Wednesday. According to Rashtra Bank, the buying rate of the US dollar has been fixed at 154 rupees 16 paisa and the selling rate has been fixed at 154 rupees 76...
What is the exchange rate of which foreign currency on Thursday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 144 rupees 18 paisa and the selling rate is 144 rupees 78 paisa. Similarly, the...
Drop in gold prices, how much per tola on Tuesday?
Kathmandu. The price of gold has fallen in the Nepali market today. The gold tola has fallen by three thousand rupees. According to the Nepal Gold and Silver Traders Federation, gold is being bought and sold at Rs 2 lakh 97 thousand 500 per tola t...
Kalinchok Hydropower will issue IPO from 13th of February
Kathmandu. Kalinchok Hydropower Limited is going to issue IPO from 13th of February. The company is about to issue an IPO for the local residents of the project-affected areas and Nepalis working abroad.
The company got permission to issue 1...
General decline in the price of gold, silver increased!
Kathmandu. In the Nepali market on Wednesday, the price of gold decreased, while the price of silver increased. Today, the price of gold has decreased by Rs 400 per tola. According to the Federation of Nepal Gold and Silver Traders, the price of p...