Revenue mobilisation up

Timely budget has helped the government raise revenue on line with its target.
According to finance secretary Krishna Hari Baskota the government has been able to mobilise Rs 30 billion revenue in the first two months of the current fiscal year 2011-12. "The initioal estimation is that the government has been able to mobilise Rs 12.25 billion in VAT, Rs 6.25 billion in customs, Rs 4.50 billion in excise, Rs 4 billion in income tax, Rs 550 million in vehicle registration, Rs 770 in land registration and Rs 2 bil;lion under non-tax revenue," he said, adding that the total — Rs 30 billion — is 20 per cent increment compared to the last fiscal year's same period, when the government had been able to mobilise Rs 25 billion.

The breakdown
VAT — Rs 12.25 billion
Customs — Rs 6.25 billion
Excise — Rs 4.50 billion
Income tax — Rs 4 billion
Non-tax — Rs 2 billion
Land Registration — Rs 0.77 billion
Vehicle Registration — Rs 0.55 billion
(Source: Finance Ministry)