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Half-yearly BoP


Continued growth in total exports (overseas and to India), and a slowdown of imports kept the trade deficit at Rs 27.39 billion in mid-January, the sixth month of the fiscal year, but the current account deficit has grown, NRB's six monthly Balance of Payments statistics show. The gains on the trade front were offset by a 16.2 percent drop in services-resulting from, among other things, a 14 percent slump in tourism receipts and a 29 percent increase in payments on investments, such as repatriation of earnings from major hydro-projects and other investments, and a 12.5 percent decline in grants. The capital account remained sound, despite a trade credit (payable) of Rs 3.58 billion, offset mainly by "miscellaneous capital items" receipts, which reached Rs 8.07 billion-a 39 percent increase compared to the same period in 1999/00.


LATEST ISSUE
638
(11 JAN 2013 - 17 JAN 2013)


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