KATHMANDU, July 17: The government fell short of its target for both revenue collection and public expenditure in the fiscal year 2023/24, which ended on Monday.

Borders with hostile nations should be fortified with barbed wire; the Nepal-India border should connect rather than divide.

KATHMANDU, March 30: The Inland Revenue Department (IRD) collected revenue worth Rs 310.94 billion in the first eight months of the current fiscal year, which was around Rs 72 billion less than the targeted amount for the period.

KATHMANDU, March 15: Nepal faced a budget deficit of Rs 137.75 billion in the first eight months of the current fiscal year due to a surge in financial liability on debt service of the government.

Nepal finds itself under the critical scrutiny of analysts and economists, who decry its inability to curtail unnecessary expenses in the wake of sluggish revenue collection. As the nation grapples with a soaring public debt, experts are urging the government to take austerity measures to safeguard public finances and foster sustainable economic growth.

SOLUKHUMBU, Jan 26:  Revenue collection of Sagarmatha National Park has increased by more than 10 percent.

BANKE, Jan 15: The Nepalgunj Sub-Metropolitan City has achieved 54 percent of its annual revenue collection target in the first half of the current fiscal year (FY) 2023/24.

In the wake of alarming imbalance in fiscal data in the first five months of the current fiscal year (2023/24), it has become imperative for our government to address the growing disparity between revenue collection and recurrent expenditure.

KATHMANDU, Oct 18: The status of the government's revenue collection and expenditure in the first three months of the current fiscal year is not encouraging as the collection is just 15.93 percent of the annual target and the expenditure is 16.02 percent.

BIRGUNJ, Oct 8: Birgunj Customs Office, a significant contributor to the national revenue, is witnessing a gradual decrease in revenue collection. This decline is causing concerns as the office typically contributes more than 43 percent of the national revenue.

KATHMANDU, Sept 27: The government authorities related to tax revenue have concluded that the rise in smuggling is the major cause behind a massive fall in revenue collection.

BIRATNAGAR, SEP 5: The Biratnagar Customs Office has reported a shortfall in revenue collection during the first month of the current fiscal year 2023/24. As per official statistics from the Biratnagar Customs Office, only 81.56 percent of the revenue target was achieved in the month of Shrawan (mid-July to mid-August).

SINDHUPALCHOWK, July 21: The revenue collection from Tatopani, the northern border with China, fell short of the target in the last Fiscal Year (FY) 2022/23.

JHAPA, July 18: The Mechi Customs Office has reported that it collected 69.41 percent of its revenue target for the fiscal year 2022/23.

BIRGUNJ, July 2: Birgunj Customs Office has not been able to collect revenue as per the target given by the government. Birgunj Customs has collected only 60 percent revenue in 11 months of the current fiscal year, till mid-June.

KATHMANDU, June 19: The Kathmandu Metropolitan City (KMC) collected revenue worth over Rs 8 billion in the first 11 months of the current fiscal year.

KATHMANDU, June 17: The government's revenue collection for the current Fiscal Year (FY) has fallen short compared to the previous FY.

KATHMANDU, June 12: Mobile phone importers have said that if the Mobile Device Management System (MDMS) is effectively implemented, the country’s annual revenue collection will increase by four billion rupees.

KATHMANDU, May 25: Gautam Buddha International Airport (GBIA) located in Bhairahawa, Nepal's second international airport, is seen to be weak in customs duty collection. Due to the lack of regular flights from this airport, which was put into operation a year ago, the collection of customs duties has been weak.

KATHMANDU, March 16: Government authorities have failed to meet the target of inland revenue collection in the first eight months of the current fiscal year. According to the Inland Revenue Department, the collection is just around 80 percent of the target.

KATHMANDU, March 14: The government has not been able to meet the revenue collection target of the first six months of the current financial year even in eight months. By the end of eight months of the current financial year, there is a huge gap between the targeted revenue collection and actual collection.

Diversifying Government Revenue

January 30, 2023 10:35 am

The government of Nepal is facing a significant challenge in terms of revenue collection. According to recent figures, the total expenditure estimate for the current fiscal year stands at NPR 1,790 billion, of which NPR 1,180 billion is allocated for recurrent expenses and NPR 380 billion for capital expenses. As of Friday, the government’s expenditure was recorded at Rs 613.64 billion, while the total revenue collection was just Rs 507.52 billion. The shortfall of over Rs 100 billion is set to exert pressure on the government to manage the government’s day to day expenditure. This situation highlights the urgent need for the government to diversify its revenue sources in order to sustain economic growth and development. At present, the government's revenue collection is heavily dependent on taxes, which account for the majority of its income. However, this dependence on taxes has led to a narrow revenue base, leaving the government vulnerable to economic downturns and fluctuations in tax revenues.

KATHMANDU, Jan 16: The government’s revenue collection fell short of the total expenses by Rs 81.50 billion in the first half of the current fiscal year, which ended Saturday.

KATHMANDU, Dec 1: The Department of Tourism, by issuing mountain climbing permits in the fall of this year, has collected twice as much revenue in the season this year as that of last year. The department collected Rs 40.6 million in the same season last year. This year the department has collected Rs 93 million rupees.

BIRGUNJ, Nov 30: The revenue collection from Birgunj Customs Office is in the decreasing trend in the first few months of the current fiscal year.

KATHMANDU, Nov 27: The government is short of almost Rs 37 billion which has been allocated for the projects and programs in the country’s annual budget, and to be doled out by receiving foreign loans and grants.

Nepal’s Experience with VAT

November 23, 2022 16:00 pm

Despite poor performance of VAT in some functional areas such as filing and refund, VAT has been performing very well in Nepal in terms of revenue collection.

KATHMANDU, Nov 21: The Department of Customs (DoC) fell 36 percent short of its revenue collection target in the first four months of the current fiscal year.

KATHMANDU, Sept 19: The government fell short of its targeted revenue collection by 18 percent in the first two months of the current fiscal year.

KATHMANDU, July 24: The Birgunj Customs Office (BCO) collected Rs 204.12 billion in customs revenue in the last fiscal year, which was just above its target of Rs 203.02 billion.

KATHMANDU, May 22: The Inland Revenue Department (IRD) collected revenue of Rs 377 billion in the first 10 months of the current fiscal year, which was around 90 percent of the amount targeted for the given period.

KATHMANDU, Jan 21: Birgunj Customs Office (BCO) collected customs revenue worth Rs 105.90 billion in the first six months of the current fiscal year, which is 5.67 percent more than the target set for the customs office.

KATHMANDU, Jan 17: The government fell short of its revenue collection target by Rs 17 billion in the first half of the current fiscal year.

KATHMANDU, Dec 24: Birgunj Customs Office (BCO) collected customs revenue worth Rs 88.69 billion in the first five months of the current fiscal year, which was 52.50 percent more than the amount collected during the same period of the last fiscal year.

KATHMANDU, Nov 24: The Birgunj Customs Office collected customs revenue worth Rs 70.12 billion in the first four months of the current fiscal year, around eight percent more than its target of Rs 65.11 billion for the period.

SINDHUPALCHOWK, Nov 9: Finance Minister Janardan Sharma has stated that his goal is to collect 200 times more revenue than the set target.

BIRGUNJ, Sept 29: The country's biggest Birgunj Customs Office has collected the total Rs 40.6 billion in revenue so far since the fiscal year that began on August 16.

KATHMANDU, August 25: Despite the crisis created by the COVID-19 pandemic, the government has collected nearly Rs 100 billion in the first month of the current fiscal year. The government collected Rs 94 billion in the month of Shrawan (mid June to mid-July) alone. Compared to the last three years, the revenue collection this year seems to be higher.

KATHMANDU, July 31: The government has collected revenue worth Rs 26.46 billion in the first two weeks of the current fiscal year.

KATHMANDU, June 20: The government has been able to increase its revenue collection by 25.41 percent in the first ten months of this fiscal year, compared to the same period last fiscal, despite a massive fall in domestic economic activities due to the impacts of COVID-19.

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, April 13: The government was able to collect revenue worth 92.50 percent of the targeted amount in the first eight months of the current fiscal year.

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.

BHAIRAHAWA, March 18: The country's second largest and the first customs point of Province 5, Bhairahawa Customs Office, has failed to collect the targeted revenue in the previous month.

MYAGDI, Mar 4: Beni Municipality has made an extra effort to educate people about integrated tax system and to collect taxes.

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.