Based on the Data of 2020/21
Real Sector
The average consumer price inflation stood 3.60 percent in 2020/21 compared to 6.15 percent a year ago.
The installed capacity of hydro electricity increased to 1458 Megawatt in 2020/21.
The total number of tourist arrivals decreased 90.9 percent to 70123 in 2020/21.
External Sector
Merchandise exports increased 44.4 percent to Rs.141.12 billion in 2020/21 compared to an increase of 0.6 percent in the previous year.
Merchandise imports increased 28.7 percent to Rs.1539.84 in 2020/21 billion against a decrease of 15.6 percent a year ago.
Total trade deficit increased 27.3 percent to Rs.1398.71 billion in 2020/21. Such a deficit had decreased 16.8 percent in the previous year.
Net services income remained at a deficit of Rs.72.85 billion in 2020/21 year compared to a deficit of Rs.964.7 million in the previous year.
Remittance inflows increased 9.8 percent to Rs.961.05 billion in the review year against a decrease of 0.5 percent in the previous year.
Number of Nepali workers taking approval for foreign employment decreased by 62.8 percent in the review year compared to a decline of 20.5 percent in the previous year.
The current account remained at a deficit of Rs.333.67 billion in the review year compared to a deficit of Rs.33.76 billion in the previous year.
Balance of Payments (BOP) registered a surplus of Rs.1.23 billion in the review year compared to a surplus of Rs.282.41 billion in the previous year.
Gross foreign exchange reserves decreased 0.2 percent to Rs.1399.03 billion in mid-July 2021 from Rs.1401.84 billion in mid-July 2020.
Foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 11.2 months, and merchandise and services imports of 10.2 months.
Nepalese currency vis-à-vis the US Dollar appreciated 1.1 percent in mid-July 2021 from mid-July 2020. It had depreciated 9.1 percent in the previous year.
Government Sector
Total expenditure of the federal government amounted to Rs.1180.95 billion in 2020/21 compared to Rs.1091.33 billion a year ago. The recurrent expenditure, capital expenditure and financing expenditure of the federal government amounted to Rs.851.68 billion, Rs.228.30 billion and Rs.100.97 billion respectively in 2020/21.
Revenue collection stood at Rs.938.32 billion in 2020/21. Total government revenue was Rs.793.75 a year ago.
The outstanding government debt amounted to Rs.1728.25 billion in mid-July 2021, which is 40.5 percent of GDP. Such a ratio was36.5 percent a year ago.
Out of the total outstanding public debt, the amount of foreign and domestic debt stood at Rs.927.93 billion and Rs.800.32 billion respectively
Monetary and Financial Sector
Broad money (M2) expanded 21.8 percent in 2020/21 compared to the growth of 18.1 percent in the previous year.
Domestic credit increased 26.8 percent in the review year compared to a growth of 13.6 percent in the previous year.
Deposits at Banks and Financial Institutions (BFIs) increased 21.4 percent in the review year compared to a growth of 18.7 percent in the previous year.
Private sector credit from BFIs increased 27.3 percent in the review year compared to a growth of 12 percent in the previous year.
NRB approved Rs.
148.75 billion refinance in 2020/21.The outstanding
amount of refinance provided by NRB remained Rs.122.70 billion in mid-July 2021.
Weighted average deposit rate and lending rate of commercial banks stood at 4.65 percent and 8.43 percent respectively in the mid-June-Mid-July 2021. Such rates were 6.01 percent and 10.11 percent respectively a year ago.
The number of BFIs involved in this process reached 229 as of mid-July 2021. Out of which, the license of 171 BFIs was revoked thereby forming 58 BFIs.
The total number of BFIs licensed by NRB remained 133 in mid-July 2021.
As of mid-July 2021, 27 commercial banks, 18 development banks, 17 finance companies, 70 microfinance financial institutions and 1 infrastructure development bank are in operation.
The number of BFIs branches reached 10,683 in mid-July 2021 from 9765 in mid-July 2020.
NEPSE index stood at 2883.4 in mid-July 2021 compared to 1362.4 in mid-July 2020. Stock market capitalization in mid-July 2021 stood Rs.4010.96 billion compared to Rs.1792.76 billion in mid-July 2020.
Number of companies listed at NEPSE reached 219 in mid-July 2021 .
Share of BFIs and insurance companies in stock market capitalization is 68.9 percent. Such a share for hydropower companies is 8.4 percent, investment companies 8.1 percent, manufacturing and processing industries 3.7 percent, hotels 1.5 percent, trading companies 0.5 percent and the share of other companies is 8.9 percent.
Full Report is available here.
The author can be reached at : siddhabhatta@gmail.com
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