Revenue Collection Increases in Current Fiscal Year
Summary
Revenue collection in Nepal has increased to about 80 percent of the target in fiscal year 2082/83, with tax revenues steady and non-tax revenue declining. Foreign grants have also increased compared to the previous year despite being only half of the target.
Key Points
- Revenue collection in fiscal year 2082/83 increased to approximately 80 percent of the target compared to 77.15 percent last year.
- Tax revenue collection remained steady at around 80.6 percent of its set target.
- Non-tax revenue collection decreased to 73.35 percent of its target in the current fiscal year.
- Foreign grant receipts increased to 55.83 percent of the target this year from 42.19 percent last year, despite being only half the target amount.
