People in Nepal are fond of beer and liquor; they spent billions in 6 months, and the government earned a bumper profit.

Beer consumption has increased in Nepal, earning the government 17.25 billion Nepalese rupees in tax revenue. Domestic production has increased by 38.31%. The reason behind the growing popularity of beer is the increasing demand among the younger generation.

The habit of drinking beer has increased rapidly among the people in Nepal, which has also had a positive impact on the income of the government. In the last six months alone, the government has collected 17.25 billion Nepalese rupees as excise duty from beer sales. This figure shows the increase in domestic beer production and consumption. The main reasons behind the growing popularity of beer in the country are the increasing demand among the young generation and the increase in the number of bars and restaurants in urban areas.

Beer production and consumption increased by 38.31%

According to the report of the Auditor General's Office, the consumption of locally produced beer in Nepal has increased by 38.31% compared to last year. Income from alcohol has seen a jump of 26.64% year-on-year. This income has reached 15.36 billion Nepalese rupees in the first half of this financial year. At the same time, there was a slight increase in income from tobacco, which increased from 12.92 billion to 13.79 billion Nepalese rupees.

What is the reason for increasing consumption of beer and liquor?

According to Nepal News report, government officials say that the main reason for the increase in beer and liquor consumption is the increasing demand and increase in tax rates. Despite tobacco production being almost the same as before, the increase in tax has also increased revenue.

This year, the government announced an increase in tax on alcohol, tobacco, and cigarettes

In May this year, the government had announced to increase tax on alcohol, tobacco and cigarettes. Former Finance Minister Bishnu Prasad Paudel had given information about this while presenting the budget in the joint session of the Parliament.