The balance of payments for the current fiscal year 2082/83 during the period from Shrawan to Falgun stands at a surplus of NPR 658.35 billion. In the same period last fiscal year, the balance of payments amounted to only NPR 310.37 billion. During this period, direct foreign investment inflows reached NPR 1.084 billion. Kathmandu, 19 Chaitra.
According to Nepal Rastra Bank, in the eight-month span of fiscal year 2082/83 (Shrawan–Falgun), the balance of payments shows a surplus of NPR 658.35 billion. This marks a significant increase compared to the NPR 310.37 billion surplus recorded in the same period of the previous fiscal year. The surplus reflects higher inflows of foreign currency compared to outflows.
The balance of payments summarizes the economic and financial transactions between residents and non-residents during a specified period. A surplus in the balance of payments indicates a net inflow of foreign currency from external sector activities, whereas a deficit would signify net outflows. This account aggregates the current account and the capital and financial account transactions involving non-resident entities.
Moreover, the high volume of remittances significantly contributes positively to the balance of payments position. In terms of US dollars, the balance of payments surplus increased from USD 229 million in the previous year’s corresponding period to USD 461 million currently. Concurrently, the current account stands at a surplus of NPR 552.85 billion in this period, substantially higher than last year’s NPR 197.30 billion.
