The Ministry of Finance has reported that it achieved 83.22 percent of its revenue target in the first 11 months of the current fiscal year.

As of June 14, total revenue collection reached Rs 1,027 billion, out of the Rs 1,234 billion target set for the period. The ongoing fiscal year 2024/25 concludes on July 16.

This marks an increase of Rs 88 billion compared to the same period last fiscal year, when revenue collection stood at Rs 939 billion, the ministry said in a press note.

In the month of Jestha (mid-May to mid-June) alone, the government collected Rs 94.02 billion in revenue—up from Rs 85.11 billion during the same month last year.

The government expects total revenue mobilisation to rise 17.1 percent and reach Rs 1,267.39 billion by the end of the fiscal year.

While presenting the annual budget for the upcoming fiscal year, 2025/26, on May 29, Finance Minister Bishnu Paudel revealed that the revised expenditure estimate for the current fiscal year stands at Rs 1,662.37 billion—89.4 percent of the original allocation.

According to the revised estimates, recurrent and capital expenditures are expected to total 88.5 percent and 83.4 percent, respectively, of their initial allocations. The government also aims to utilize 97.6 percent of the funds allocated for financial management.