Lumbini Province Government Fails to Meet Half of Internal Revenue Target
Summary
The Lumbini Province government collected only 49.2 percent of its internal revenue target for fiscal year 2082/83, highlighting weak economic self-reliance and continued dependence on federal grants.
Key Points
- Lumbini Province collected Rs 2.30 billion, only 49.2% of its Rs 4.88 billion internal revenue target for fiscal year 2082/83.
- Out of Rs 38.91 billion total budget, Rs 26.14 billion was spent, with 67.76% expenditure in current budget and 66.80% in capital budget.
- Transport sector performed best in revenue collection, reaching 81.82% of its Rs 300 million target.
- Provincial government cites decline in economic activity and ineffective tax collection systems as reasons for low internal revenue.
- Economists highlight the province's continued financial dependence on federal grants due to weak economic self-reliance.
