Summary of country's economic and financial situation

KATHMANDU, July 10: Nepal Rastra Bank has published a report on the current economic and financial situation of the country. The report was published based on the statistics of 11 months of the fiscal year 2079-080. 

According to the report, the inflation based on the consumer price index on an annual point basis is 6.83 percent. Similarly, imports have decreased by 16 percent, exports by 22.7 percent and total goods trade deficit by 15.2 percent.

Similarly, the remittance inflow has increased by 22.7 percent in Nepalese rupees and by 13 percent in US dollars according to the bank. Rastra Bank informed that the total foreign exchange reserves are 1 trillion 480 billion and 870 million rupees and 11 billion 300 million in US dollars.

Similarly, the expenditure of the federal government is Rs 1 trillion 176 billion and 70 million and the revenue mobilization is Rs 836 billion and 850 million. Detailed money supply has increased by 7.8 percent, while the money supply has increased by 10.9 percent on an annual point basis according to the report of Rastra Bank.

The deposit collection of banks and financial institutions has increased by 8.8 percent and loans to the private sector by 3.4 percent according to Rastra Bank. The report mentions that the growth rate of deposits is 12.2 percent and the growth rate of loans to the private sector is 3 percent on an annual point-by-point basis.