Revenue mobilisation 'still' below target

After a sluggish growth of revenue mobilisation in the earlier months of the current fiscal year, the eighth month (Falgun) has witnessed a 16.5 per cent gowth -- compared to the same month in the last fiscal year -- in revenue mobilisation to Rs 123.03 billion.
In the same month last fiscal year, the ministry had recorded Rs 105.58 billion revenue."The eighth month's revenue mobilisation growth is the highest one in the current fiscal year," said revenue secretary Krishnahari Baskota.
The budget for the current fiscal year has targetted to collect Rs 116.64 billion in revenue. "To meet the target the revenue growth should be above 20 per cent," he said, adding that the revenue mobilisation in the post-budget months has increased, though it still needs to be boosted.
"The four months delay in the regular budget has hit the revenue growth," he accepted, adding that the seventh month has recorded a revenue growth of 14.2 per cent to Rs 107.67 billion.
As usual, the VAT contributes Rs 40.21 billion, the largest chunk of the revenue followed by customs that contributed Rs 23.43 billion and Income tax that contributed Rs 22.70 billion, wheras excise contributed Rs 17.29 billion, and registration, vehicles tax and non-tax collectively contributed Rs 19.40 billion by the end of eighth month (mid-February to mid-March).
"The revenue mobilisation is slowing on upward trend," Baskota said, adding that the recent action against the VAT evaders has also helped in the increase in the revenue mobilisation.

Revenue mobilisation
First month-- Rs 13.16 billion
Second month -- Rs 25.07 billion
Third month -- Rs 37.54 billion
Fourth month -- Rs 51.25 billion
Fifth month -- Rs 65.10 billion
Sixth month -- Rs 91.33 billion
Seventh month -- Rs 107.67 billion
Eighth month -- Rs 123.03 billion