Himal Press 
KATHMANDU: The government has achieved only 64% of the revenue target as of Monday.
According to the finance ministry, the government has mobilized Rs 899 billion out of the targeted Rs 14,03.14 billion. This means the government will have to mobilize Rs 5 billion in the remaining 12 days of the fiscal year to meet the revenue target.
While customs duty has suffered in the current fiscal year due to a drop in imports, officials of the finance ministry say the infrastructure sector has also suffered due to low loan investment towards the private sector, mainly due to tight monetary policy. Remittances and tourism revenue have increased this year, while trade deficit has also decreased this year.
The government has mobilized Rs 348.18 billion out of the targeted Rs 609.54 billion from customs duty until the 11th month of the current fiscal year. This is 61.29% of the target.
Likewise, the government has made 70.15% progress in internal revenue mobilization. With one month of the fiscal year remaining, the government has mobilized Rs 410.82 billion out of the targeted Rs 524.34 billion.
The government, however, surpassed the collection of non-tax revenue by 11.88% to Rs 77.75 billion.
The government has set a target of mobilizing Rs 1,240 billion from revenue, Rs 242 billion from foreign debt, and Rs 256 billion from domestic debt.
