The government has
projected to achieve 30 per cent to 35 per cent revenue mobilisation growth in
the next fiscal year 2013-14, compared to the current fiscal year.
Briefing the chairman of
Interim Election Council Khil Raj Regmi, here today, finance minister Shankar
Koirala said that the change in tax brackets and plugging of leakages is
expected to help the government mobilise 30 per cent to 35 per cent more
revenue. "The private sector will be at the centre of the budget," he
said, adding that export promotion, commercialisation of agriculture, tourism
and energy will be the key focus of the fiscal policy.
However, the government
has not been able to spend on development activities in the current fiscal
year. "Only 34 per cent of the capital budget has been spent on
development work by nine months," informed finance secretary Shanta Raj
Subedi. "However, trade deficit has increased to Rs 351 billion, though
revenue mobilisation has recorded a growth of 23.2 per cent in the 10th month
as compared to the same month of last fiscal year.
The performance
evaluation of the government is not based on revenue mobilisation but on the
effective mobilisation of revenue to achieve economic growth that is projected
to be at around 3.5 per cent in the current fiscal year. 
No comments:
Post a Comment