Nepal Records Rs 891.56 Billion in Revenue Collection Over Nine Months of FY 2082/83

Kathmandu. The government has collected Rs 891.56 billion in revenue during the first nine months (ending Chaitra) of the current fiscal year 2082/83. According to data released by the Ministry of Finance up to Chaitra 30, this represents 84.11 percent of the revenue target set for the period.

The government has set an annual revenue collection target of Rs 1.48 trillion for the current fiscal year. Of this, the target for the period up to the end of Chaitra was Rs 1.06003 trillion.

Encouraging Collection in Chaitra

In the month of Chaitra alone, the government collected Rs 139.71 billion against a target of Rs 149.83 billion, achieving 93.24 percent of the monthly goal. Ministry of Finance spokesperson Tankaprasad Pandey noted that on Chaitra 30 alone, Rs 18.82 billion in revenue was collected.

According to the Ministry, there has been a positive growth in revenue collection compared to the previous fiscal year 2081/82. By the end of Chaitra last year, only Rs 841.13 billion had been collected. Compared to the same period last year, the revenue growth rate this year stands at 6 percent. In Chaitra of the previous year, Rs 111.47 billion was collected.

Departmental Collection Status

According to the Ministry of Finance, the Department of Customs has collected Rs 366.74 billion, which is 62.66 percent of its annual target. Similarly, the Inland Revenue Department has collected Rs 470.07 billion, representing 58.32 percent of its annual target. The Ministry stated that Rs 54.71 billion has been collected under non-tax revenue.