Tuesday, September 7, 2010

Exports plunge over six times to imports, BoP still deficit

Country receives Rs 231.72 billion remittance in fiscal year 2009-10

The country witnessed over six times plunge in exports to imports in the last fiscal year.
According to the central banks' annual report, the merchandise exports declined by 9.7 per cent to Rs 61.13 billion in 2009-10, whereas the imports grew by 33.2 per cent to Rs 378.80 billion.
"Such exports had grown by 14.2 per cent to Rs 67.70 billion a fiscal ago," said the Nepal Rastra bank. "In terms of destination, exports to India declined by 2.2 per cent against a growth of 6.4 per cent a fiscal ago," it sai adding that exports to other countries declined by 21.3 per cent against a growth of 28.9 per cent.
Growing imports and decreasing exports has expanded trade deficit by 46.5 per cent to Rs 317.67 billion. "Trade deficit had risen by 33.3 per cent to Rs 216.77 billion a fiscal ago," the NRB said. "Trade deficit with India alone rose by 46.5 per cent and trade deficit with other countries expanded by 46.7 per cent pulling the ratio of export to import to 16.1 per cent in 2009-10 from 23.8 per cent a year ago."
The large deficit in goods and services trade led to a huge current account deficit of Rs 32.35 billion against a surplus of Rs 41.44 billion a fiscal ago. "Despite a huge current account deficit, a rise in the capital account surplus coupled with a rise in trade credit liabilities largely contributed in bringing down the Balance of Payment (BoP) deficit that posted a loss of Rs 2.62 billion against a surplus of Rs 44.76 billion in 2008-09," according to the central bank.
Similarly, the remittance growth has also slowed down by 10.5 per cent to Rs 231.73 billion compared to a significant growth of 47 per cent a fiscal ago.
The government budget deficit, on cash basis, increased by 13.8 per cent to Rs 39.1 billion, such deficit was Rs 34.4 billion in 2008-09,
However, deposits mobilisation of commercial banks has increased by 12.6 per cent (Rs 69 billion) amounting to Rs 618.9 billion as at mid-July 2010. The total deposits had increased by 30.4 per cent (Rs 128.3 billion) in the previous fiscal.
The liquid assets of the commercial banks stood at Rs 211.7 billion as at mid-July 2010. "Of the components of liquid assets, liquid fund increased by 4.9 per cent," it said.
However, the annual average consumer price inflation moderated to 10.5 per cent compared to an increase of 13.2 per cent in 2008-09, the report said atributing the non-food and services group that witnessed a low increment by 4.7 per cent. "Despite a substantial rise of 15.4 per cent in the prices of food and beverages group, the annual average consumer price inflation moderated on account of a low increment in the prices of non-food and services group," the report said.

17 comments:

Anonymous said...

I keep listening to the news bulletin talk
about getting boundless online grant applications so I have been looking around for the finest site
to get one. Could you advise me please, where could i acquire some?


Here is my homepage :: facebook for sex

Anonymous said...

Wow! Thank you! I always wanted to write on my site something like that.
Can I take a portion of your post to my website?


my weblog - facebook for sex

Anonymous said...

Woah! I'm really loving the template/theme of this website. It's simple,
yet effective. A lot of times it's very hard to get that "perfect balance" between user friendliness and appearance. I must say you've
done a excellent job with this. Also, the blog loads very quick for me on Internet explorer.
Exceptional Blog!

Feel free to surf to my weblog :: pixelmonmod.com

Anonymous said...

You made some nice points there. I did a search on the
subject and found most people will consent with
your blog.

my web site; http://wiki.hike.dsumin.ru/

Anonymous said...

Great website you have here but I was wanting to know if you knew of any discussion
boards that cover the same topics talked about here?
I'd really love to be a part of group where I can get suggestions from other experienced individuals that share the same interest. If you have any recommendations, please let me know. Thank you!

Here is my site; create a free dating website

Anonymous said...

Someone essentially assist to make critically articles I might state.
This is the first time I frequented your web page and so far?
I surprised with the research you made to make this actual post incredible.
Fantastic activity!

My web site dating online

Anonymous said...

Write more, thats all I have to say. Literally, it seems as though you relied
on the video to make your point. You definitely know what youre talking about, why throw away your intelligence on
just posting videos to your site when you could be giving us something enlightening to read?


My website :: club.bactoncomputers.co.uk

Anonymous said...

This is really interesting, You're a very skilled blogger. I've joined
your feed and look forward to seeking more of your fantastic
post. Also, I have shared your website in my social networks!



Look into my blog http://intranet.fundacite-merida.gob.ve/

Anonymous said...

Hey there! Do you use Twitter? I'd like to follow you if that would be ok. I'm undoubtedly enjoying your blog
and look forward to new posts.

My blog post facebooksex

Anonymous said...

Thanks for expressing your ideas. I might also like to express that video games have been ever before evolving.

Modern tools and revolutions have made it simpler to create reasonable and interactive
games. These entertainment games were not actually sensible when
the real concept was first of all being tried. Just like other kinds of technology, video games way too have had to progress through many ages.
This is testimony towards the fast continuing development
of video games.

Here is my homepage :: facebookofsex

Anonymous said...

Thanks for expressing your ideas. A very important factor
is that college students have an option between government
student loan and also a private education loan where it's easier to go with student loan debt consolidation than over the federal student loan.

My web-site ... dating site s

Anonymous said...

ew strategy, the property foreclosure process can just pick up from where it was
left off.

Here is my site: fuckbook

Anonymous said...

I have figured out some points through your blog post. One other subject I would like to convey is that there are plenty of games that you can buy which are designed
particularly for preschool age children. They include pattern
identification, colors, creatures, and styles. These g focus on familiarization as an alternative to memorization.
This makes children engaged without experiencing like they are studying.
Thanks

Also visit my blog ... free adult dating sites

Anonymous said...

t more. Thank you

Here is my site azdekorasyon.com

Anonymous said...

I am not sure where you're getting your information, but good topic. I needs to spend some time learning more or understanding more. Thanks for fantastic info I was looking for this info for my mission.

Look at my website theproblemist.com

Anonymous said...

There is visibly a lot to realize about this. I think you made various
nice points in features also.

Here is my web site - adult finder

Anonymous said...

Somebody essentially assist to make significantly articles I might state.
This is the first time I frequented your website page and so far?
I surprised with the research you made to make this particular submit
extraordinary. Excellent task!

Look into my website ... facebook for sex