Karnali Province Government Reduces Internal Revenue Target by 11 Crores
Summary
Karnali Province Government has reduced its internal revenue target by approximately 11 crore for the upcoming fiscal year due to consistent underachievement in revenue collection, setting a more realistic goal to improve performance and self-reliance through new policies and programs.
Key Points
- Karnali Province Government has lowered its internal revenue target by about 11 crore for fiscal year 2083/084 due to poor achievement of targets in previous years.
- The internal revenue target is set at about 85 crore, which is just 2.40 percent of the total budget of over 35 billion.
- The provincial budget remains heavily dependent on federal grants, with 97.6% of funding sourced externally, reflecting challenges in generating internal income.
- Finance Minister Rajib Bikram Shah announced plans to expand income sources by investing in agriculture, forestry, tourism, and enhancing local-level revenue collection capacities.
