Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s revenue collection surged by 11.33% in the fiscal year 2081/82 (2024/25), reaching Rs. 1.178 trillion (Rs. 1,178.82 billion), up by over Rs. 120 billion from the previous year. The Ministry of Finance stated that revenue collection in FY 2080/81 had stood at Rs. 1.058 trillion.
Although the initial revenue target for the year was Rs. 1.419 trillion, it was later revised to Rs. 1.286 trillion during the mid-year review. Based on the revised target, the government achieved 91.6% of the goal.
Speaking about the performance, Uttarkumar Khatri, head of the Revenue Division at the Finance Ministry, said, “Despite challenges from natural disasters and global economic conditions, we’ve seen an encouraging year-on-year rise in revenue.” He added that preparations have already begun to meet the target in the current fiscal year.
New Fiscal Year Begins with Rs. 1.964 Trillion Budget in Effect
With the completion of the fiscal year 2081/82 on Wednesday, Nepal has officially entered fiscal year 2082/83 (2025/26) from Thursday (Shrawan 1). The budget presented by Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel on May 28 has now come into effect.
The Ministry of Finance confirmed it has finalized a budget implementation guideline and issued circulars to all ministries, departments, and agencies today for enforcement.
This year’s budget totals Rs. 1.964 trillion, including:
Rs. 1.18 trillion for recurrent (regular) expenditures,
Rs. 407 billion for capital expenditure (development works),
Rs. 375.24 billion for fiscal management (debt servicing and contingencies).
Revenue and Funding Sources for FY 2082/83 To finance the new budget, the government plans to raise:
Rs. 1.315 trillion from revenue (tax and non-tax),
Rs. 53.45 billion from foreign grants,
Rs. 233 billion from foreign loans,
Rs. 362 billion from domestic borrowing.
The tax-related provisions in the new budget have already come into effect from today.
Government Aims for 6% Economic Growth
The government has set an ambitious economic growth target of 6% for FY 2082/83. Key policy goals include:
Expanding economic activities,
Boosting private sector investment,
Creating employment opportunities,
Completing infrastructure projects within set timelines.
Historical Revenue Data at a Glance (in NPR trillion)
Fiscal Year Revenue Collected 2071/72 0.405 2072/73 0.481 2073/74 0.609 2074/75 0.726 2075/76 0.829 2076/77 0.793 2077/78 0.935 2078/79 1.066 2079/80 0.957 2080/81 1.058 2081/82 1.178
As the new fiscal year begins with a record collection base and an ambitious budget, the government’s ability to maintain fiscal discipline and boost implementation efficiency will be crucial in realizing its economic growth aspirations.
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