Revenue Collection at Rs. 542 Billion in Six Months
January 18, 2022 | Investopaper
In the first six months of the current fiscal year, the government has collected the revenue of Rs. 542.05 billion. This is an increase of 4.18 percent over the corresponding period of the previous year. The revenue collection has exceeded the target by 45.9 percent.
The revenue collection target for the current fiscal year is Rs. 1180.60 billion. Out of the total revenue collected till Poush’s end, revenue from the tax amounts to Rs. 493.99 billion while non-tax revenue is Rs. 48.06 billion.
Looking at the half-yearly figures of the overall revenue and expenditure of the government for the last three years, it is seen that the situation is gradually positive towards the revenue. The overall expenditure for the same period has fluctuated.
During the mid-year review of expenditure, capital expenditure stood at 13.44 percent and financial expenditure at 26.12 percent till Poush’s end of the fiscal year 2077/78. In the corresponding period of the previous fiscal year 2077/78, about 14.40 percent capital expenditure and 13 percent financial expenditure has been incurred.
