Himal Press 
KATHMANDU: The Kathmandu Metropolitan City (KMC) is well on track to meet its revenue target in the current fiscal year.
The largest metropolitan city in the country in terms of population has mobilized Rs 7.39 billion as of mid-April which accounts for 70.96% of the target set for the current fiscal year. The KMC has set a target to mobilize Rs 10.41 billion in the current fiscal year which ends in mid-April.
Dhruba Kafle, the chief of KMC’s Revenue Department, said that the KMC had set a target of raising Rs 9.87 billion in the previous fiscal year.
The KMC generates revenue through various sources, including property tax, rent tax, land revenue, vehicle tax, interest income from savings in financial institutions, tourism fees, sales proceeds, service fees, judicial fees, examination fees, administrative service fees, parking fees, building plan approval fees, recommendation fees, personal incident registration fees, relationship proof fees, business registration fees, fines, and penalties etc.
Among these revenue sources, the collection of tourism fees has shown significant progress in the current fiscal year, with the KMC collecting Rs 87.18 million surpassing its target of Rs 70 million. Additionally, the collection of parking fees has reached 124.04% of the target, building plan approval fees have reached 112.18%, and property leasing fees have reached 111.28%, as reported by Kafle.
