KATHMANDU, April 15 -- The government has not been able to collect revenue as per the target due to slowdown in economic activities, poor capital expenditure, revenue leakage, decrease in foreign trade etc. The inability to achieve the revenue target has set challenges for managing government expenditure, leading to increased reliance on internal and external loans.

In the nine months of the current fiscal year 2023/24, the revenue collection of the government fell short by Rs 318 billion than the target. This shortfall has resulted in the government spending about Rs 125 billion more than its income.

According to the Financial Comptroller General Office, only Rs 748 billion of revenue has been collected in the nine months of the curren...