In the first 11 months of the current fiscal year, the government’s current account and balance of payments have been in huge deficit.
According to the Nepal Rastra Bank, the current account deficit stood at Rs. 595.73 billion during the review period.
298.11 billion in the corresponding period of the previous year. The current account deficit stood at Rs. 4.96 billion in the review period compared to a deficit of Rs. 2.54 billion in the corresponding period of the previous year.
During the review period, capital transfer decreased by 32.9 percent to Rs. 9.49 billion while net foreign direct investment increased by 7.1 percent to Rs. 17.35 billion. In the corresponding period of the previous year, capital transfer was Rs. 14.15 billion and net foreign direct investment was Rs. 16.20 billion.
The balance of payment stood at a deficit of Rs. 269.81 billion during the review period. 15.15 billion in the corresponding period of the previous year.
In US dollar terms, the BOP deficit stood at Rs. 2.26 billion in the review period compared to a deficit of Rs. 148 million in the corresponding period of the previous year.
