Govt collects Rs. 1067.95 bln as revenue in 2021/22

By Bishnu Pandey, Kathmandu, July 17: Total revenue of the Federal Government stood at Rs 1067.95 billion in the fiscal Year (FY) 2021/22.

The Financial Comptroller General Office (FCGO) data showed that the government succeeded to receive approximately around 90.46 per cent of the total target it had set for the year, of Rs 1180 billion.

The FCGO data displayed that the government had set the target to collect tax revenue of around Rs 1067.96 billion however it succeeded to post Rs 984.16 billion in its account in the FY 2021/22. The target fell short by approximately 7.85 per cent.

The total target of the non-tax revenue was Rs 112.6 billion however actual amount stood at Rs 83.79 billion which is 74.39 per cent of the set target.

With Rs. 18.29 billion, the government able to received the foreign grant 30.53 per of the set target of Rs 59.91 billion.

Along with the revenue and grant, government collected around Rs 48.4 billion from the other varieties of receipt.