Madhesh Province Collects Rs 30.17 Billion in Revenue in 11 Months

Janakpurdham. The Madhesh Province government has collected revenue of Rs 30 billion 17 crore 14 lakh 73 thousand in 11 months of the current fiscal year. According to the Ministry of Finance of the Provincial Government, the internal revenue collection so far in the current fiscal year is Rs 4 billion 59 crore 33 lakh 84 thousand.

House and land registration and vehicle tax are considered the main sources of income for the provincial government's internal revenue collection. Information Officer of the Ministry of Finance of the Madhesh Province Government, Anshukumar Jha, informed that during the said period, revenue of Rs 1 billion 18 crore 12 lakh 95 thousand was collected from house and land registration and Rs 2 billion 1 crore 50 lakh 50 thousand from vehicle tax.

According to him, revenue of Rs 68 crore 82 lakh 70 thousand has been collected from the distribution of driving licenses and vehicle registration fees in the current fiscal year 2082/83, Rs 11 crore 10 lakh 59 thousand from the transport sector income, and Rs 10 crore 9 lakh 35 thousand from the sale of Dahatar Bahattar.

Similarly, the ministry stated that Rs 7 billion 75 crore 64 lakh 99 thousand has been received as value-added tax from the distribution and Rs 2 billion 77 crore 41 lakh from excise duty. Likewise, Information Officer Jha stated that Rs 7 billion 6 crore 16 lakh 78 thousand has been received under equalization grant from the federal government in the 11-month period, Rs 2 billion 17 crore 27 lakh 72 thousand under conditional grant current, and Rs 1 billion 56 crore 30 lakh 40 thousand under conditional grant capital.

He stated that the revenue collection has not been as expected due to reasons such as the decline in the transaction of house and land and new vehicle purchases and sales due to economic liquidity, and the damage caused to various revenue collection agencies of the provincial government during the Jenji movement on Bhadra 23 and 24 last year.