Revenue collection target missed by 11% in first half of 2020-21

KATHMANDU: The government has missed revenue collection target by 11 percent in the first half of the current fiscal year.

The revenue collection between mid-July 2020 and mid-January 2021 stood at Rs 422.23 billion against set target of Rs 475 billion in the period, as per the statistics maintained by the Financial Comptroller General Office (FCGO).

The government has set target to collect Rs 1.01 trillion worth revenue in the current fiscal year. However, the revenue collected in the first six months of the current fiscal year is only 41.73 percent of the annual target.