October 29, 2026, Thursday
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 rose sharply, how much did it reach per tola?

Kathmandu. On Friday, the price of gold in the Nepali market increased by Rs. 2900 per tola. According to the Federation of Nepal Gold and Silver Traders, the price of gold in the Tola was Rs 2,59,600 per tola on Thursday, which was Rs 2,62,500 pe...

Now the Nagadhunga tunnel will be operational

Kathmandu. Nagadhunga-Sisnekhola tunnel has reached the stage of operation. This project, built with the aim of making travel between Dhading and Kathmandu easier and faster, is expected to make a significant leap in the country's transport infras...

National Life earned a profit of 148 million rupees in the first quarter, insurance fund close to 1 billion

Kathmandu. National Life Insurance Company Limited has earned a net profit of Rs 148 million in the first quarter of the current financial year. The company's net profit has increased by 1.81 percent compared to Rs. 13...

Today, NEPSE increased by normal numbers, turnover of 6.99 billion

Kathmandu. On the second trading day of the week, NEPSE index increased by 4.90 points to 2639.91. During the day, 13.6 million 24 thousand 824 shares of 349 companies were bought and sold, resulting in a turnover of 6.994 million shares. Today, w...

The Employment Service Center will now be transformed into an 'Employment, Skills and Entrepreneurship Centre'

Kathmandu. The government has started the process of transforming the employment service centers at the local level across the country into 'employment, skills and entrepreneurship centres'. The Ministry of Youth, Labor and Employment issued a pre...

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...