Kathmandu, August 28 :

Revenue collection during the first month of the current fiscal year 2006-07 has gone up by 11.3 per cent, compared to the same month last year. However, this growth rate doesn’t match with a projection of over 14 per cent by the budget 2006-07.

The government raised revenues to the tune of Rs 5.05 billion including Rs 5.02 billion tax revenue and the remaining Rs 30 million non-tax revenue. The tax revenue comprises 99.40 per cent of the total revenue, while the contribution of the non-tax revenue stands at a mere 0.40 per cent.

During the period of mid-July to mid-August, Nepal Rastra Bank (NRB) released over Rs 4.88 billion for the government expenditure, which is up by 7.1 per cent against last year’s disbursement. Of the total government expenditure, Rs 3.94 billion was spent under current expenditure account, while the total capital expenditure stands at about Rs 1.4 billion.

Likewise, the government has repaid principal loans worth Rs 923.8 million during the period.