Nepal’s Balance of Payments Records Rs 9.26 Billion Surplus, Twice Last Year’s Amount

June 29, Kathmandu – Nepal’s balance of payments surplus has doubled compared to fiscal year 2081/82, as foreign currency inflows exceeded outflows.

According to Nepal Rastra Bank, the balance of payments showed a surplus of Rs 9.26 billion 6 million during the first 11 months (Shrawan–Jestha) of the current fiscal year 2082/83.

In the same period last year, the balance of payments registered a surplus of Rs 4.91 billion 44 million. In terms of US dollars, the surplus stands at $639 million.

Last fiscal year during the same timeframe, the surplus in US dollars was $362 million. The balance of payments summarizes economic and financial transactions between resident and non-resident individuals and institutions over a specific period.

A balance of payments surplus indicates an increase in foreign currency inflows from external transactions, while a deficit suggests more foreign currency outflows. The balance of payments account includes the current account and capital and financial accounts related to transactions with non-residents. In Nepal’s case, significant remittance inflows have positively influenced the balance of payments status.

The central bank stated that during the review period, the current account recorded a surplus of Rs 8.02 billion 6 million. Last year, the current account showed a surplus of Rs 3.21 billion 74 million. In US dollars, the current account surplus amounts to $553 million.

In this period, net transfers reached Rs 1.7 billion 3 million, while last year the figure was only Rs 896 million. Foreign direct investment for the current fiscal year stands at Rs 2.28 billion. Compared to the previous fiscal year, FDI has doubled; last year it was Rs 1.1 billion 7 million.