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State receives over USD 1.175 billion as revenue

Ministry of Finance has revealed the state has received over USD 1.175 billion as revenue by October 10.

The state received USD 844.155 million as tax, USD 259.740 million as non-tax revenues and about 65 million US dollars as grant aid, according to statistics published by finance ministry. While the state has received USD 844.155 million as tax, finance ministry estimates to receive USD 1.071 billion as tax by the end of the year.

The finance ministry said the state received USD 383.116 million as Goods and Services Tax (GST), USD 214.285 million as Business Profit Tax (BPT) and USD 155.844 million as Import Duty.

While the state has received USD 259.740 million as non-tax revenues, finance ministry estimates to receive USD 363.636 million as non-tax revenues by the end of the year.