Nepali spend Rs 119.99 billion for foreign payments in 11 months of current fiscal

Kathmandu. In the first eleven months of the current fiscal year (2022-23), Nepali spent Rs 119.99 billion on foreign travel. According to the Current Macroeconomic and Financial Situation report released by the Nepal Rastra Bank today, during the eleven months of the fiscal year 2022-23 (July 17, 2022 – July 16, 2023), travel payments increased by 37.9 percent thus reaching Rs 119.99 billion, including Rs 89.18 billion for education. Such payments were Rs 87.03 billion and Rs 59.99 billion respectively in the same period of the previous year.

Meantime, in the review period, travel income amounted to Rs 58.06 billion following a 94.3 percent rise in compared to the corresponding period last fiscal year. The figure was Rs 29.88 billion last year.