Over Rs 5.81 Trillion Revenue Collected in Six Months of 2082/83

In the first six months of the current fiscal year 2082/83, the government has collected a total revenue of Rs 5.81 trillion 41 billion. According to the Ministry of Finance, this accounts for 81.75% of the target set for the period up to Poush.

The government had set a total revenue target of Rs 14.80 trillion for the fiscal year. Accordingly, the target up to Poush was Rs 7.11 trillion 21 billion, but the actual collection fell short by about Rs 1.29 trillion 80 billion.

Revenue collection for Poush alone showed a comparatively better performance. The target for the month was Rs 1.90 trillion 77 billion, and the actual collection reached Rs 1.71 trillion 63 billion, achieving 89.96% of the target. On Poush 30, Rs 20.26 billion was collected in a single day, according to the Ministry of Finance.

In the previous fiscal year 2081/82, the target up to Poush was Rs 6.72 trillion 81 billion, while the actual collection was Rs 5.67 trillion 40 billion. In Poush alone, Rs 1.61 trillion 62 billion was collected.

According to Ministry of Finance spokesperson Tanka Prasad Pandey, “Due to the Gen-Z protest, there were some challenges in the first quarter, but revenue collection has picked up recently, and there is a strong possibility of meeting the targets in the coming months.”

He added, “All subordinate agencies have been directed to prevent revenue leakage and ensure collection according to the target.”

–News Agency Nepal