KATHMANDU: Nepal recorded a notable rise in revenue collection in the fiscal year 2024/25 compared to the previous year, according to the Ministry of Finance.
The government collected a total of Rs. 1.178 trillion in revenue, which is Rs 120 billion more than the previous fiscal year’s collection of Rs. 1.058 trillion. This marks a growth of 11.33 percent year-on-year.
The initial revenue target for FY 2024/25 was Rs. 1.419 trillion, which was later revised to Rs. 1.286 trillion during the mid-term review. The government achieved 91.60 percent of the revised target.
Despite challenges such as natural disasters and difficult international economic conditions, revenue collection has remained encouraging, said Uttarkumar Khatri, head of the Revenue Division at the Ministry of Finance.
“We’ve already begun preparations and are determined to meet the revenue target for the current fiscal year,” he added.
The government has set a revenue target of Rs. 1.315 trillion for the current fiscal year 2025/26.
Comment