According to data released by the Financial Comptroller General Office (FCGO), total revenue collection reached Rs 1,224.80 billion by July 14. This accounts for 82.76% of the government's ambitious Rs 1.48 trillion annual target.
Year-on-Year Growth and Breakdown
The latest figures indicate a notable economic recovery compared to the previous fiscal year (2081/82), where revenue collection stood at Rs 1,140.36 billion during the same period.
- Overall Revenue: Increased by 7.40% (up by Rs 84.44 billion).
- Tax Revenue: Remained the dominant contributor at Rs 1,105.92 billion (83.43% of the target), marking a 7.34% growth year-on-year.
- Non-Tax Revenue: Reached Rs 118.88 billion (76.99% of the target), rising by 8.02% compared to last year.
Significant Jump in Foreign Grants
The fiscal year also saw a substantial surge in external budgetary support. Foreign aid and grants surged by 34.75% compared to the previous year. The government successfully secured Rs 31.26 billion in grants, meeting 58.5% of its Rs 53.44 billion foreign aid target. In comparison, grant receipts during the same period last year stood at Rs 23.20 billion.
Final Rush on the Last Day
Revenue collection saw a massive single-day spike on Wednesday, with the government raking in Rs 21.16 billion—of which Rs 18.66 billion came purely from tax revenues.
As today marks the final day of the fiscal year, the FCGO expects the total revenue collection rate to climb even higher as final calculations and last-minute tax filings pour in.
