Lumbini: Lumbini Province has projected the collection of revenue as high as Rs 10 billion in the coming three years. The Revenue Reforms Taskforce formed by the government submitted a report with this projection.
According to National News Agency Nepal, the taskforce, headed by Minister for Economic Affairs and Planning, Dhanendra Karki, submitted the report to Chief Minister Chet Narayan Karki at the latter’s office. Upon receiving the report, CM Acharya expressed commitment to enforce its recommendations through forthcoming programs and budgets. He noted the province’s success in raising inland revenue and shared the excitement about achieving the Rs 10 billion revenue projection by eliminating legal hurdles.
The taskforce prepared the study report by examining revenue structure, rights, mobilization, and potential sources. As per the report, the provincial government expects to collect Rs 5.90 billion in the fiscal year 2082/083, followed by Rs 6.67 billion and Rs 10.2 billion in the subsequent two years.
The study team identified strategic areas for revenue collection with a broader scope. The tax net will be expanded to include natural resources and construction materials such as stone, pebbles, sand, and soil, as well as tourist sites, casinos, digital displays, road lighting, social media advertising, plastic packaging, transport tax, and agricultural income.
Additionally, other schemes include bringing land and house registrations under provincial government jurisdiction and launching a provincial project bank.