KATHMANDU, May 5: The alarming spread of the second wave of the coronavirus has taken its toll on the government’s revenue collection target, with the daily revenue collection plunging almost to half of the ‘normal’ amount.
KATHMANDU, Jan 15: Revenue collection in the first half of the current fiscal year has fallen around 11 percent short of the target, imposing pressure on the government to manage its financial resources.
KATHMANDU, Nov 24: Finance Minister Bishnu Prasad Poudel has directed the employees of the ministry and its subordinate bodies to work hard to meet the revenue collection target mentioned in the budget.
KATHMANDU, Oct 17: The government collected total revenue of Rs 172.36 billion, 17 percent of the targeted amount, in the first quarter of the current fiscal year that ended on Friday. The amount this year is close to the revenue collection in the review period of the last fiscal year.
KATHMANDU, March 30: The government's aim to switch to domestic sources from taxes on imported goods for major tax revenue collection seems to have yielded success to some extent with the significant rise in value-added tax (VAT) from internal economic activities.
TIKAPUR, Feb 20: Prakash Timilsina, operator of Mahalaxmi Agro situated in Tikapur Municipality-1 was happy from the government's decision taken one and half years ago to announce Satti Chhoti Customs Office as the main custom point in the region.
KATHMANDU, Feb 13: The government on Wednesday expressed its firm determination to achieve its target of economic growth after revising the earlier announced budget size and expected expenditures allocated for development works.
KATHMANDU, Jan 27: Minister for Finance Yuba Raj Khatiwada on Sunday claimed that revenue collection from internal sources has improved, downplaying concerns about the government coming under pressure to meet the revenue target due to slump in customs revenue collection.
KATHMANDU, Dec 12: Nepal received foreign loans worth Rs 24.95 billion in the first four months of the current fiscal year, more than double the amount that the country took from foreign donors during the same period last year.
KATHMANDU, Jan 31: The government has not released its revenue collection figures for the last two weeks citing a formula error on sharing revenue among local levels, provinces and federal government. It is an excuse that tells very little about the delay in calculating revenue collection.
RASUWA, Aug 23: Revenue collection in Rasuwa district has been adversely affected due to landslides triggered by incessant rain obstructed the road since July 27. According to the local administration, efforts were underway to resume traffic on the obstructed road that has disrupted the entry of the tourists, revenue collection, import and exports of construction materials as well as ferrying patients to hospitals.