June 11, 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

What is the foreign currency exchange rate for Monday?

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 142 rupees 88 paisa and the selling rate is 143...

What is the foreign currency exchange rate on Sunday?

Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Sunday. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 142 rupees 88 paisa and the selling rate is 143 r...

The price of gold fell on Tuesday, now how much per tola?

Kathmandu. Even today, the price of gold has decreased in the Nepalese market. Gold tola has fallen by Rs 900. According to the Nepal Gold and Silver Traders Federation, gold is being traded at 31,900 rupees per tola today.

On the other hand...

Gold prices continue to set new records, silver is also at an all-time high

Kathmandu. The price of gold and silver in the Nepali market is constantly increasing. Today the price of gold has increased by 1 thousand 800 rupees. According to the Federation of Nepal Gold and Silver Dealers, the...

Genji Movement: Payment of over five billion claims for physical and other damages

Kathmandu. Out of the insurance claims for physical and other damages during the Zenji movement, Rs. 5.18 billion has been paid to the insured so far. The Nepal Insurance Authority issued a press release today and said that out of a total of 3,303...

The government is issuing 10 billion 9-year 'Development Bond 2091'

Kathmandu. The government is going to issue development bonds worth 10 billion rupees.  The Public Debt Management Office under the Ministry of Finance is going to sell 9-year bonds named 'Development Bond 2091'.

The office issued a not...