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.
Related News
What is the exchange rate of which foreign currency on Wednesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 149 rupees 11 paisa and the selling rate is 149 rupees 71 paisa. Similarly, the...
What is the exchange rate of which foreign currency for Tuesday?
Kathmandu. Nepal Rastra Bank has announced the foreign currency exchange rate for Tuesday, June 16. According to the exchange rate published by the National Bank, the buying rate of one US dollar has remained at 150 rupees 97 paisa and the selling...
NADA Auto Show 2026 begins, special priority for 'Made in Nepal' vehicles
Kathmandu. While the vehicle market is expanding in Nepal, NADA Auto Show 2026 has started at Bhrikutimandap in Kathmandu, giving priority to domestically produced and assembled vehicles and automobile materials.
Vice President Ramsahay Yada...
U.S. to provide more than $3 million in flood relief
The Kathmandu. The U.S. government has announced more than $3.6 million in additional humanitarian assistance for Nepal's flood victims. In a press statement issued on Saturday, the US State Department said that the US will provide more than $3.6...
The line can be cut at any time in case of non-payment of dues: Authority
After the opening of Tatopani and Rasuwagadhi, Korlanaka's business declined
Mustang. After Tatopani and Rasuwagadhi checkpoints came into operation, the import-export trade from Nepal-China North Korlana located in Mustang has decreased. According to the Mustang Customs Office, there are currently very few cargo container...