Kathmandu, June 3: Nepali Congress (NC) Vice President and lawmaker Dhanraj Gurung has expressed his doubt over the achievement of the government target of revenue collections in the upcoming fiscal year.
Delivering his views during the general deliberations on the estimations of the government income (revenue) and expenditure in the fiscal year 2081-82 BS (2024-25) in a meeting of the House of Representatives (HoR) today, the lawmaker expressed his doubt that revenue collections in the next year would meet the target of over Rs 1,260 billion.
He advised the government to implement the announcement to promote cannabis farming for medicinal use with the help of legal instruments.
As he said, the farming of cannabis for medical use is likely to lead the revenue collection of Rs two billion annually. He also pressed an idea for branding the homemade products to contribute to the revenue collection.
According to him, there are possibilities of earning additional Rs two billion through the commercial farming of 736 varieties of herbs found in Nepal.
Lawmaker Gurung advised the government to focus on the promotion of religious tourism as well.
As he said, new sources of production should be explored to address the deficit budget. Underlining the need for effective implementation of the budget, he said a realistic approach is needed to assess the budget and its implementation aspect.
