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8 billion more revenue collected till mid-Nov

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KATHMANDU, Nov. 26: Amid political uncertainty and lack of a full budget for the current fiscal, more than Rs 78 billion worth of revenue was collected during the first four months of the fiscal year 2012/13 against the government target of Rs 70.51 billion.



Organizing a news conference on Monday, assistant spokesperson at the Ministry of Finance Bhumiram Sharma said that the revenue collection was 30.23 per cent more than the corresponding period of the last fiscal year. [break]



The Ministry said that a total of Rs 58.53 billion was released for the first four months of the current fiscal year and Rs 58.05 billion was spent during the same period.



Similarly, Rs 51.33 billion was spent out of Rs 51.68 billion released under the title of current expenditure.



On the occasion, it was shared that Rs 3.53 billion was spent under the capital expenditure while Rs 3.18 billion was spent for financial management.



During the period, the government received Rs 5.25 billion in foreign assistance against the commitment of Rs 5.68 billion.



Under the foreign assistance, Rs 4.55 billion comprised grant assistance while 701.3 million was loan assistance.



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