Revenue Collection Falls Short of Target, Only 78.75% Achieved by Mid-December

Kathmandu — Government revenue collection has remained below target in the current fiscal year, with only 78.75 percent of the projected amount collected by mid-December (Mangsir-end).

According to official data, total revenue collection during the period reached Rs 409.78 billion. However, based on the annual revenue target of Rs 1.48 trillion, the government was expected to collect Rs 520.44 billion by mid-December.

Similarly, revenue collection for the month of Mangsir also fell short of expectations. Against a monthly target of Rs 95.20 billion, the government managed to collect only Rs 80.27 billion, achieving 84.31 percent of the target.

Economists attribute the weaker-than-expected revenue performance to sluggish economic activity, lower import volumes, and a slowdown in overall business transactions, which have affected tax collection.