Kathmandu: The Bagmati province government has generated revenue exceeding Rs 11.59 billion, marking 17.18 percent of its annual target for the fiscal year 2082/83 BS.
According to National News Agency Nepal, the major revenue contributors for the provincial government include land and house registration and vehicle taxes. The province had projected a total revenue collection of Rs 30.891 billion for the fiscal year. During the period from Shrawan (mid-August) to Kartik (mid-November), it achieved approximately 22.45 percent of this target, amounting to Rs 6.936 billion, as reported by Suraj Paudel, the Public Information Officer at the Internal Affairs and Planning Ministry of the Bagmati Province.
In the land and house registration category, the province collected Rs 1.237 billion, achieving 16.7 percent of its annual target. Additionally, revenue from vehicle taxes reached Rs 2.411 billion, or 28.2 percent of the targeted amount during the reporting period.
Other notable revenue sources during this period included Rs 2.495 billion from Value Added Tax and Rs 843.6 million from excise duties, as shared by the ministry. Furthermore, Information Officer Paudel noted that the province government received Rs 3.463 billion, or 23.37 percent of the estimated revenue, from the federal government’s equalization grant.
The province also garnered Rs 1.132 billion, achieving 23.70 percent of the target, from internal sources during the reporting period of the fiscal year 2082/83 BS.