The revenue of around Rs. 323.27 billion has been collected in the first four months of the current fiscal year 2024/25.
According to a report published by the Financial Comptroller General Office under the Ministry of Finance, the revenue collection of the government stands at Rs. 323.27 billion which is 22.78 per cent of the annual target (Rs. 1,419.30 billion) during the review period.
Out of this, tax revenue stood at Rs. 289.92 billion or 22.58 per cent of the target and non-tax revenue stood at Rs. 33.35 billion or 24.69 per cent of the annual target.
Out of the total revenue collection target of Rs 1,419.3 billion, 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 by 16 per cent during the first four months of the current fiscal year as compared to the same period last fiscal year 2023/24.
The government collected revenue of only 19.6 per cent (Rs. 278.75 billion) of the annual target of Rs. 1,422.5 billion in the first four 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. 5.77 billion under other recipients in the first four months of the current fiscal year. During the review period, the total income of the government stood at Rs. 329 billion. The amount comes 22.36 per cent of the annual receipt target of government.
