Government Revenue Collection Increases by 10% in First Month of FY 2083/84
Summary
Government revenue collection rose by about 10 percent in the first month of FY 2083/84, reaching Rs 93.43 billion in Shrawan. Budget spending stood at Rs 41.88 billion, or 1.97 percent of the annual allocation, according to the Office of the Controller General of Accounts.
Key Points
- Government revenue in Shrawan reached around Rs 93.43 billion, up about 10 percent year-on-year.
- Tax revenue accounted for Rs 85.19 billion, while non-tax revenue was Rs 7.03 billion and foreign grants Rs 24 crore 3 lakh.
- The government has set a total income target of Rs 16.42 trillion for the current fiscal year.
- Budget expenditure in the first month was Rs 41.88 billion, equal to 1.97 percent of the annual allocation.
