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
NEPSE increased by 12.78 points throughout the week, how much is the transaction on which day?
Kathmandu. This week, the NEPSE index increased by 12.78 points and reached 2654.93 points. NEPSE, which closed at 2642.15 points last week, increased by 12.78 points to 22654.93 points this week. The market was open on all five trading days this...
Chandragiri Investment Group will issue 'IPO' shares
Kathmandu. Chandragiri Investment Group Limited is going to issue a primary share IPO for ordinary citizens. The company's first general meeting held today passed the proposal to issue the IPO. The authorized capital of the company is Rs 50...
Singti Hydro will issue 100 percent rights
Kathmandu. Singti Hydro Energy Limited is going to issue rights. The company has appointed Muktinath Capital Limited as the sales manager for the rights issue. Sudip Khadka, Managing Director on behalf of Singti Hydro Energy Limited and Kavindra D...
As the price of gold and silver continues to rise, how much has it reached per tola today?
Kathmandu. The price of gold has increased in the Nepali market on Sunday. According to the Federation of Nepal Gold and Silver Dealers, compared to Friday, the price of gold tola has increased by 2800 rupees and has remained at 270 thousand 60...
What is the foreign currency exchange rate on Friday?
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 62 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...