Bagmati, August 27
Bagmati Province has collected less revenue than its target in the fiscal year 2023/24. According to the Ministry of Economic Affairs and Planning of Bagmati Province, Rs 9.33 billion less revenue was collected than the target.
The Bagmati Province government had estimated to collect Rs 48.25 billion from different topics—revenue distribution, internal sources and grants received from the federal government – but collected Rs 39.22 billion, said Information Officer of the Ministry of Economic Affairs and Planning, Suraj Poudel.
He added that the provincial government had set a target of collecting Rs 26.68 billion from revenue distribution in the last fiscal year, but 81.85 per cent (Rs 21.84 billion) was collected.
Information Officer Poudel stated that 97.52 per cent of the target of raising revenue from internal sources was realised. The Province Government collected revenues of Rs 3 billion 662 million and 20 thousand as against the target of collecting Rs 3 billion 755 million and 235 thousand.
According to him, it was estimated that the Province would receive a grant of Rs 17 billion 812 million and 300 thousand from the federal government, but it received only 77.01 per cent or Rs 13 billion 717 million and 26 thousand.
