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Kathmandu Metropolitan City Projects Income for Next Three Fiscal Years 

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Kathmandu Metropolitan City Projects Income for Next Three Fiscal Years 
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January 12: Kathmandu Metropolitan City has made income projections for the next three fiscal years. 

The metropolis have set revenue collection target for 2080/81, 2081/82 and 2082/83 fiscal years. 

For the fiscal year 2080/81, the metropolis has set the target to collect revenue of Rs 11.80 billion, while Rs 12.3 billion and 13.66 billion have been projected for the years 2082 and 2083 respectively.

Since the metropolis has yet to receive the ceiling on various headings including grant to be provided by federal and provincial governments and other agencies, revenue distribution, registration fee, and value added tax, the figure of projected revenue target might fluctuate according to Chief Dr Shivraj Adhikari at the Revenue Department of Kathmandu Metropolis.

The metropolitan city aims to make income as projected in the next three fiscal years. The metropolis plans to collect Rs 10.39 billion revenue in the current fiscal year. 

The metropolis has collected Rs 4.34 billion in revenue till first five and half months of the current fiscal year. The metropolis had collected Rs 3.69 billion during the same period last fiscal year.

Dr Adhikari hopes that they will be able to meet the revenue collection target in the current fiscal year despite some problems in the last few years due to COVID-19 pandemic. 

“Metropolitan city will have no problem in meeting the revenue collection target this year as we have tightened revenue collection”, Dr Adhikari added. 


 

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