By Our Reporter
The government has made an income of Rs. 169.51 billion during the first two months of the current fiscal year.
According to the daily report of the Financial Comptroller General Office under the Ministry of Finance, the total income of the government reached 11.52 per cent of the annual target during the first two months of the current fiscal year.
The government has a target to make an income of Rs. 1,471.62 billion for the current fiscal year 2024/25.
During the review period, a revenue worth Rs. 166.38 billion has been collected. This is 11.72 per cent of the annual target of Rs. 1,419.30 billion.
Out of total revenue collected in two months, tax revenue stood at Rs. 145.19 billion or 11.31 per cent of the target and non-tax revenue stood at Rs. 21.19 billion or 15.69 per cent of the annual target.
Of the total revenue collection target of Rs 1,419.3 billion, the target has been set to collect Rs. 1,284.2 billion under tax revenue and Rs. 135.09 billion under non-tax revenue in the current fiscal year.
Revenue collection has increased during the first two months of the current fiscal year as compared to the same period last fiscal year 2023/24.
The government collected revenue of only 9.92 per cent (Rs. 141 billion) of the annual target of Rs. 1,422.5 billion in the first two months of the last fiscal year.
During the review period of the current fiscal year 2024/25, no grant amount was received. The government has set a target to receive Rs. 52.32 billion in grants in the current fiscal year.
However, the government has obtained Rs. 3.13 billion under other recipients in the first two months of the current fiscal year.
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