KATHMANDU, March 16: The government has missed its revenue target for the first eight months of the current fiscal year, achieving only 82.60 percent of its goal, according to records from the Ministry of Finance (MoF).
The government had set a revenue collection target of Rs 910.20 billion for the period from mid-July 2025 to mid-March 2026. However, the actual collection stood at Rs 765.10 billion.
Performance in the last month alone was also weak, with the government meeting just 85.46 percent of its monthly target. Against a goal of Rs 96.57 billion, only Rs 82.53 billion was realized.
Diversifying Government Revenue
This year's performance lags behind the same period of the previous fiscal year (2024/25), when the government had successfully collected 84.27 percent of its target, amassing Rs 729.66 billion against a goal of Rs 865.81 billion.
In the context of the annual target, the government has so far secured only 49.89 percent. Out of the total annual revenue goal of Rs 1.533 trillion, just Rs 765.10 billion has been collected by the end of the eight-month period.
The government's spending, particularly on development projects, also remains weak. Data from the Financial Comptroller General Office (FCGO) reveals that the federal government has utilized only about 19 percent of its capital expenditure budget by the end of the eight months.
Of the Rs 407.88 billion allocated for capital expenditure, a mere 19.24 percent has been spent. This is a decline compared to the 23.43 percent utilization rate recorded during the same period last year.
Overall, of the total annual budget of Rs 1.964 trillion for the current fiscal year, the government has spent only Rs 926.58 billion as of Saturday, which is 47.18 percent of the allocation.
A breakdown of the spending shows that under the recurrent expenditure heading, 54.37 percent of the allocated Rs 1.180 trillion has been utilized. Under the financial management heading, Rs 205.95 billion, or 54.89 percent of the allocated Rs 375.24 billion, has been spent.
