Kathmandu, Dec. 9 -- Nepal saw a massive slump in revenue collection during the first four months of the current fiscal year, with import-based revenue decreasing alongside a fall in imports.

With domestic revenue failing to make up for the loss in import-based revenue, Nepal's revenue growth rate stood at just 3.56 percent, compared to the average growth rate of 20.85 percent in the same period in the previous five fiscal years.

According to the Finance Ministry, revenue collection during the first four months of the current fiscal year stood at Rs256.77 billion, an increase of 3.56 percent from Rs247.94 billion during the same period last fiscal year.

The ministry said overall revenue collection was impacted by reduced imports of goo...