Revenue collection more than targeted: Govt

Revenue collection more than targeted: Govt
Nepalnews.com, 4-Aug-2007

Despite nominal economic growth, terai unrest as well as various political ups and downs, the government's revenue collection last fiscal year was more than it had targeted.

According to Ministry of Finance, last year Rs 87.19 billion had been collected as revenue by the government, a healthy 20.64 percent increase compared to what was a year before that during which time revenue growth rate was disappointing.

The government had set itself a target of collecting around Rs 86 billion in revenues last year. If the revenue maintains this steady growth rate then in the current year also the revenue collection would be more than targeted. This year the government has set itself a target of collecting Rs 103 billion.

In the latter period of last year, the terai unrest was at its peak, owing to which there had also been disruption in revenue collection for a few days. But notwithstanding this the revenue collection was more than targeted.