Revenue and Grants Reach Rs. 75B in a Month – Can Nepal Maintain Fiscal Discipline?

Nepal’s government collected a total of Rs. 75.1 billion in revenue and grants in mid-August 2025/26, according to data published by the Nepal Rastra Bank (NRB). The inflow includes federal government revenues, provincial transfers, and foreign grants, reflecting relatively strong revenue mobilization compared to total expenditure of Rs. 44.3 billion in the same period.

Of the total, the federal government contributed the lion’s share at Rs. 73.5 billion, while provincial and local government transfers accounted for Rs. 11.2 billion. Foreign grants added another Rs. 1.6 billion, showing that external support still plays a small but relevant role in fiscal operations.

The figures indicate that Nepal’s fiscal system can generate a short-term surplus when revenues remain strong and expenditure growth is contained. However, analysts caution that the challenge lies in maintaining fiscal discipline as capital spending, debt repayments, and recurrent expenditure commitments are likely to rise in the coming months.