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Finance Minister Mahat’s Call for Enhanced Revenue Collection Focus

Business NewsFinance Minister Mahat's Call for Enhanced Revenue Collection Focus
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In a bid to bolster revenue collection efforts, Finance Minister Dr. Prakash Sharan Mahat embarked on a comprehensive visit to key customs and revenue offices in Jhapa.

His itinerary included stops at the Mechi Customs Office, Kakarvita, and the Bhadrapur Customs Office, alongside interactions with local business stakeholders during the inauguration of the fifth Damak Festival, organized by the Damak Chamber of Commerce and Industry.

Addressing the media post-inspection, Minister Mahat emphasized the paramount importance of meeting monthly revenue targets, urging customs offices to intensify their focus on this critical objective. He stressed the necessity of collaborative efforts among customs offices, Nepal Police, Armed Police Force, and the Revenue Office to combat cross-border smuggling effectively.

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Highlighting the direct correlation between revenue collection and national income, Mahat underscored the adverse repercussions of a decline in revenue on essential sectors such as education and healthcare. He called upon all stakeholders to actively contribute to preventing revenue leakage, emphasizing its significance for sustaining vital public services.

During his visit to the Mechi Customs Office, Mahat acknowledged the office’s increasing significance, particularly in light of the forthcoming expansion of the Asian Highway. However, concerns were raised regarding a downward trend in revenue collection, with the Kakarvitta transit point identified as an area requiring heightened governmental attention.

At the Bhadrapur Customs Office, discussions revolved around infrastructure improvements and the provision of compensation for individuals affected by land acquisition for official purposes. Mayor Ganesh Pokhrel and local business representatives echoed these sentiments, urging Minister Mahat to prioritize these essential initiatives.

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Minister Mahat’s proactive engagement underscores the government’s commitment to optimizing revenue collection mechanisms, vital for sustaining essential public services and fostering economic growth.

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