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
During the quarter of the current year, 25 local levels are still without budget
Kathmandu. Although four months of the current financial year have been completed, 24 local levels of Madhesh Province have not been able to present their budgets. So far, a total of 728 local levels have presented bud...
Suryakund Hydro is issuing IPO for general public from Sunday
Kathmandu. Suryakunda Hydro Electric is going to open the IPO sale for the general public from January 18th this Sunday. The company is going to issue a total of 5 lakh 72 thousand 431 shares of Rs 100 to the general public in the second phase.&nb...
Foreign currency exchange rate: What is the value of dollars, euros and pounds?
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currency for today. According to the central bank, the buying rate of one US dollar has been fixed at 152 rupees 40 paise and the selling rate has been fixed at 153...
The upcoming budget will focus on economic transformation: Finance Minister Dr Wagle
Kathmandu. Finance Minister Dr Swarnim Wagle has said that the budget to be presented on May 15 will focus on economic transformation. Finance Minister Wagle clarified the government's opinion on the current economic, political and contemporary is...
The price of gold and silver decreased, how much is the transaction going on today?
Kathmandu. The price of gold and silver has decreased in Nepali market today. Today gold has decreased by 3 thousand 100 rupees per tola to 282 thousand 100 rupees per tola, according to the Federation of Nepal Gold and Silver Traders.
The fall in the price of gold, how much has it reached now?
The Kathmandu. The price of gold has fallen in the Nepali market today. The gold is worth Rs 2,400. According to the Federation of Nepal Sunchandi Traders, gold is being traded at Rs 3.66 lakh per tola today. Today, the price of 10 grams of gold i...