November 5, 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 and silver rose sharply, exceeding 268,000 per tola

Kathmandu. The price of gold and silver rose sharply in the Nepalese market on Tuesday. According to the Nepal Gold, Silver, Gems and Jewelery Federation, the price of gold per tola has increased by Rs 3,100 to Rs 2,68,100. Earlier on Monday, gold...

Solu Hydropower's IPO is being distributed today, how many will get shares?

Kathmandu. The IPO of Solu Hydropower Limited will be distributed today. Nabil Investment Banking Limited and Himalayan Capital Limited will distribute the IPO today at 3:30 PM as the company's securities issuing and sales managers.

In the c...

Gas import from India increased, sales will be normal within the week

Kathmandu. The sales and distribution of LP gas for cooking, which has been seen in various parts of the country including Kathmandu Valley, has gradually started to ease. Nepal Oil Corporation has stated that the shortage of gas is decreasing due...

An increase of 15.70 points in NEPSE, a turnover of 4 billion 10 crores

Kathmandu. On the third trading day of the week, NEPSE index increased by 15.70 points to 2566.07. During the day, 92 lakh 55 thousand 457 shares of 345 companies were bought and sold, and over 4.1 billion shares were...

The new interest rate of commercial banks for the month of Baisakh has been announced, who's how much?

Kathmandu. The new interest rates announced by the commercial banks for the month of April have indicated a slight decline in deposits. Compared to Chait, the average interest rate of both personal and institutional deposits has decreased in Baisa...

An increase of 47.22 points in NEPSE, turnover of 7.3 billion

Kathmandu. On the first trading day of the week, NEPSE index increased by 47.22 points to 2647.44. During the day, 1 crore 42 lakh 4 thousand 362 shares of 330 companies were bought and sold, and more than 7.3 billion...