What is the presence economic and financial conditions of the country?

Kathmandu : Nepal Rastra Bank has released the current economic and financial situation of the country. According to public information, the remittance inflow has increased by 21.6 percent and reached 8 trillion 39 billion in the 7th month of the current financial year.

By mid-January, inflation based on consumer price index is 5.01 percent on an annual point basis, exports by 7.1 percent, while imports have decreased by 2.3 percent, and the total merchandise trade deficit by 1.8 percent.

The total foreign exchange reserves are 1 trillion 844 billion 940 million Rupees and 13 billion 890 million in US dollars. The expenditure of Nepal government is 686 billion 750 million Rupees and revenue mobilization is Rs.567 billion 400 million Rupees.

In the month of Magh (January/February), the consumer price increase fell to 5.01 percent. Consumer price increase was 7.88 percent in the month of January last fiscal year, but it has decreased by 2.87 percent in the month of January.

Likewise, the credit to the private sector increased by 4.1 percent. On an annual point basis, the growth rate of deposits is 14.4 percent and the growth rate of loans to the private sector is 4.7 percent.