Kathmandu, January 15
The government has collected Rs 515 billion in revenue in the first six months of the current fiscal year.
According to the Ministry of Finance, the government had set a target of Rs 668 billion in revenue collection by mid-January. Dhani Ram Sharma, the spokesperson of the ministry, informed that 77 per cent of this target was achieved in the first six months.
According to him, only Rs 134 billion of revenue was collected in January. The first instalment of income tax (40 per cent) is collected this month.
Therefore, the government had set a target of collecting Rs 188 billion. However, the collection has decreased by Rs 54 billion.
He informed that the revenue collection has increased by 12 per cent compared to the same period of the last fiscal year. Last year, till the end of December, the revenue was Rs 459 billion.
The government has set a target of revenue collection of Rs 1.422 trillion in the current year. This year, the government had set a target with an estimate of a growth rate of more than 40 per cent compared to last year. Spokesperson Sharma said that according to this, the target will not be met this year as well.
