Revenue up 35.5 pc

Revenue collection increased by 35.5 percent during first four months of the current fiscal year, an official at the Ministry of Finance said Monday.

According to revenue secretary Krishna Hari Baskota, the government collected Rs. 32.97 billion in revenue between mid-July and mid-Nov, which is Rs. 8.62 billion more it did during the corresponding period last year. During the first four months of Fiscal Year 2007/08, revenue collection stood at Rs. 22.33 billion, a 16.3 percent rise compared to a year earlier.

Baskota attributed the rise in revenue to active patrolling along the border, mobilisation of customs officials through the Chief District Officers in 17 bordering districts and vigorous monitoring by the Inland Revenue Department to execute effective billing systems in the market.
Source:
Ekantipur