Kathmandu – The Nepal Rastra Bank (NRB) has released its report on the “Current Economic and Financial Situation of the Country”, based on the data from the first six months of the fiscal year 2081/82. The report was made public on Sunday.
According to the NRB, the year-on-year consumer price inflation stood at 5.41 percent based on the Consumer Price Index (CPI).
In terms of external trade, imports increased by 7.1 percent, while exports rose by 31.8 percent during the review period.
Similarly, remittance inflows grew by 4.1 percent in Nepalese rupees and 1.1 percent in US dollars. The balance of payments (BoP) remained in a surplus of Rs. 249.26 billion, as per the report.
The gross foreign exchange reserves have reached USD 16.84 billion.
Regarding government finance, total government expenditure amounted to Rs. 667.60 billion, while revenue mobilization stood at Rs. 559.61 billion.
The report further shows that deposits mobilized by banks and financial institutions increased by 3.7 percent, and credit disbursed to the private sector grew by 5.2 percent during the six-month period.
On a year-on-year basis, the growth in deposits reached 9.9 percent, and credit to the private sector increased by 7.0 percent, according to Nepal Rastra Bank.
