Kathmandu, May 30 -- The government has revised the tax structure as part of its bid to transition into a more sustainable revenue source generated through internal economic activities rather than existing import-based revenues.

Tax revenues and public borrowing are major contributors to the government's financial resources, but it still relies primarily on tax revenues generated on imports.

Of the total budget of Rs 1.53 trillion for the upcoming fiscal year presented, the government plans to raise Rs 981.13 billion through revenue collection, Rs 57.99 billion through foreign grants, Rs 298.83 billion through foreign loans, and Rs 195 billion through domestic borrowing.

According to the Economic Survey unveiled on Monday, the share of...