Income in Bagmati Province meeting targets; collection of less than 9 billion

The province of Bagmati collected nine billion rupees less in revenue in the fiscal year 2080–2081 than the target. The government of Bagmati Province's Ministry of Economic Affairs and Planning reports that revenue collection in FY 2080–2081 was 9 billion 31 million 27 below than the objective.

The state government got funding in 2080–2081 from grants from the federal government, revenue distribution, and money gathered from state government internal sources, including Rs. According to Suraj Paudel, the Ministry of Economic Affairs and Planning's information officer, only 39 billion 22 million 12 million 47 thousand were collected from all three categories, out of a projected 48 billion 25 million 43 million 75 thousand in income.

He said that only 81.85% of the 26 billion 686 million 40 thousand rupees that the province administration had targeted to collect through revenue distribution had actually been collected, or 21 billion 84 million 22 million rupees.

In a same vein, information officer Paudel stated that although the goal of the province administration is to raise Rs. He estimates that the federal government will provide 17.81 billion 23 lakh rupees, or 77.01 percent of the subsidy.

The revenue obtained in the most recent fiscal year, 2079–2080, was 17% less than what the Bagmati state administration had projected. In 2079–2080, the state government received 45 billion 88 million rupees, as opposed to an estimate of 55 billion 31 million rupees.

The provincial government is expected to receive 62.70 billion rupees (78 thousand rupees) in 2079–2080 from various sources of income and the cash balance from the previous year. However, the Bagmati Provincial Treasury and Controller of Accounts have already received 105.45 percent of that amount, or 66 billion 12 million rupees (69 million 20 thousand rupees). According to Head of Office Hetauda, Hariprasad Upadhyay.

In 2079–2080, the state government received 77.82 billion rupees from a variety of sources in addition to the 70.93 billion rupees it received in cash the previous year. Upadhyaya claims that the federal government has cut certain programs as a result of the economic downturn and that there is a decrease in revenue as a result of decreased revenue collection from the federal and local levels, including value-added tax, income tax, natural resource extraction duties, and cargo.