June 10, 2026, Wednesday
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

Are you exchanging foreign currency? Here are the exchange rates (with list)

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the National Bank, the value of the US dollar has decreased. For Friday, the buying rate of one American dollar has been fixed at 140 rupees...

The price of gold decreased, how much per tola on Friday?

Kathmandu. Even today, the price of gold in the Nepali market is falling. Gold has decreased by Rs 900 per tola. According to the Nepal Gold and Silver Traders Federation, gold is being traded at 252,400 rupees per tola today. On the other hand, s...

Bhujung Hydropower will issue an IPO to the general public from January 12

Kathmandu. Bhujung Hydropower Limited is going to issue an IPO for the general public from this January 12th. The company has issued and distributed the IPO to local residents affected by the project and Nepalese who have gone abroad for employmen...

Meeting between the governors of Nepal and China

Kathmandu. Prada Vishwanath Poudel, Governor of Nepal Rastra Bank, who is on a visit to China, and Fan Kongsong, Governor of People's Bank of China PBOC, had a meeting today.

They met at the 20th Asia Pacific High Level Meeting on Banking Su...

NEPSE increased by 9.78 points today, turnover of 3.94 billion

Kathmandu. On the second trading day of the week, the NEPSE index increased by 9.78 points to 2550.36. During the day, 88 lakh 93 thousand 778 shares of 335 companies were bought and sold, with a turnover of 3.94 billi...

Why did those who protested yesterday take a loan today?

Kathmandu. CPN-UML General Secretary Shankar Pokharel has raised questions regarding the current government's duplicitous nature regarding foreign loans. He says that those who criticized foreign loans in the past are now taking large amounts of l...