Former Finance Minister Dr. Prakash Sharan Mahat Critiques Upcoming Fiscal Year's Budget
Summary
Former Finance Minister Dr. Prakash Sharan Mahat critiques the upcoming fiscal year's large budget, highlighting unrealistic revenue targets, increased tax burdens on the public, and concerns over debt and governance.
Key Points
- The budget size is unusually large but lacks realistic resource mobilization, making targets unachievable.
- The government's tax policy has increased burdens on public transport users, private hospital patients, and middle/lower classes.
- Heavy reliance on foreign aid and internal loans will escalate the country's debt burden.
- The budget fails to provide a foundation for transformative economic growth or private sector investment.
