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
What is the exchange rate of which foreign currency on Saturday?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for today. According to the determined exchange rate, the buying rate of one US dollar is 145 rupees 27 paisa and the selling rate is 145 rupees 87 paisa. Similarly, th...
Cancel the contract of the builder who does not work on time
Kathmandu. The Khajura rural municipality of Banke has canceled the contract of the builder who did not complete the project on time. Dil Bahadur Paudel, Chief Administrative Officer of Khajura Rural Municipality, informed that the progress of the...
Expensive lessons for the government due to lack of insurance, the loss of Gen-G movement exceeded 84 billion
Kathmandu. It is seen that the government itself has to bear the financial burden of the damage caused during the Gen-G movement due to the lack of insurance of government physical structures. According to the government report, more than 36 billi...
Yambaling Hydropower will issue an IPO to the general public from May 16
Kathmandu. Yambaling Hydropower Company Limited is going to issue an IPO to the general public from the 16th of Baisakh. In the first phase, after distributing the IPO to project-affected and foreign employed Nepalis, the second phase is to issue...
What is the exchange rate of the Australian dollar, euro and pound today?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for Sunday. Today, the exchange rate of all foreign currencies including the US dollar, Australian dollar, Euro, pound, Kuwaiti and Bahraini dinar is stable. Accor...
6.5 billion trade loss in five months
Kathmandu. Till the end of December of the current fiscal year 2082-83, the country has incurred a loss of Rs. According to the five-month foreign trade status report published by the Customs Department, during this period, imports of Rs. Compared...