Kathmandu, Mar. 24
The
government has mobilised about 60 per cent revenue against the annual target of
the current fiscal year 2020/21.
By the
end of the first eight months of this year, about Rs. 603.9 billion revenue is
collected which is 97.80 per cent compared to the target for the same period,
the Ministry of Finance said in a statement on Wednesday.
The data
were presented at the ministry-level Development Action Committee organised at
the ministry.
Likewise,
the total revenue collection by Wednesday, March 24 is Rs. 641 billion. The
government had set target of Rs. 1011 billion revenue collection in this
fiscal.
Meanwhile,
Rs. 455 billion recurrent and Rs. 79.8 billion capital budget is spent in the
eight months period which is 48.18 per cent and 22.44 per cent respectively.
Minister
for Finance Bishnu Prasad Paudel said that the revenue target would be met even
amidst the COVID-19 impacts on the economy. Maintaining that most of the
economic sectors other than tourism have returned to normalcy, he directed the
ministry and departments to work in a result-oriented manner.
Minister
Paudel stressed on the need to make a culture to spend the budget in time, not
to miss setting the priority and misappropriate the funds.
Revenue
Secretary Ram Sharan Pudasaini said that as the economic activities were on the
rise, there would be no excuse not meeting the revenue target.
Likewise,
Finance Secretary Shishir Kumar Dhungana directed all concerned agencies to be
active in mobilising the budget.
Vice-chairman
of the National Planning Commission Prof. Dr. Pushpa Raj Kadel said that the
Finance Ministry should pay special attention while planning the projects and
suggested the ministry to play its role in facilitating the agencies in
mobilising the budget.
Published in The Rising Nepal daily on 25 March 2021.
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