- Sunday, 9 November 2025
Laxman Kafle
Metropolitan cities announce budget of Rs. 53.6 billion for new fiscal year
Almost all local levels, including six metropolitan cities, have unveiled their budget for the upcoming fiscal year 2024/25. Constitutionally, it is mandatory for all the local l
Nepal imports petroleum worth Rs. 264 billion while total export amounts only Rs. 139 billion
Nepal has been spending billions of rupees annually for the import of petroleum products. According to the latest trade statistics made public by the Department of Customs, the country has imported petroleum products, including petrol, diesel, kerosene, aviation fuel and liquefied petroleum products (LPG), worth about Rs. 264 billion from India during the first 11 months of the current fiscal year. The expenditure for the import of petroleum products is almost double the volume of country’s total export during the review period. The country exported goods only worth Rs. 139.26 billion during the first 11 months of the current fiscal year.
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Nepal imports worth Rs. 1,453bn against export of Rs. 139bn
Nepal imported goods worth Rs. 150 billion in a month. According to the trade statistics made public by the Department of Customs on Friday, goods worth Rs. 150.35 billion were imported from May 14 to June 14 of the current fiscal year. The country imported goods worth Rs. 1,453.70 billion during the first 11 months of the current fiscal year 2023/24. Goods worth Rs. 1,303.35 billion were imported during the first 10 months of the current fiscal year. In the meantime, the country exported goods Rs. 13.09 billion in a month from May 14 to June 14. Likewise, in the first 11 months of the current fiscal, Nepal exported goods worth Rs. 139.26 billion.
World Bank’s IDA meeting kicks off in Kathmandu
The 21st replenishment meeting of the International Development Association (IDA) under the World Bank Group kicked off in Kathmandu, Nepal from Tuesday. This is the biggest event of the World Bank hosted in Nepal, a country renowned for its natural beauty with enormous development potential and resilience. Prime Minister Pushpa Kamal Dahal ‘Prachanda’ inaugurated the four-day Third IDA 21 replenishment meeting amidst a grand ceremony. The International Development Association (IDA) is the part of the World Bank that helps the world’s low-income countries. The IDA, which provides grants and zero- to low-interest loans, has helped transform millions of lives and communities since its inception in1960.
All provinces unveil annual budgets
All seven provinces have unveiled their annual budget of more than Rs. 278 billion for the upcoming fiscal year 2024/25 with priority to increase production, productivity and job creation through infrastructure, agriculture and tourism development.
Incentivise Agriculture To Achieve Prosperity
In February 2021, China declared its decisive victory in eradicating extreme poverty despite unintended hindrances imposed by the COVID-19 pandemic. It lifted over 800 million people out of poverty in the last four decades,
NEA begins exporting 400 MW power to India daily
The export of electricity to India has started from this week. According to Nepal Electricity Authority (NEA), it has started selling the surplus electricity from Monday (May 27) night in the Indian Energy Exchange (IEX) market at a competitive rate.
Budget to usher new phase of economic reform: Pun
Finance Minister Barsaman Pun has made it clear that the budget for the next fiscal year has been brought keeping a new phase of economic reform at the centre. Speaking at a press confer
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Govt unveils Rs. 1,860bn budget for FY 2024/25
The government on Tuesday unveiled a budget of Rs. 1,860.30 billion for the fiscal year 2024/25. Finance Minister Barsaman Pun presented revenue and expenditure estimates for the next fiscal year 2024/25 of Rs. 1,860.30 billion in the joint session of the House of Representatives and National Assembly.
Profits of public enterprises increase noticeably
The net profit of the government-owned public enterprises has increased significantly in the fiscal year 2022/23. According to the annual report of th
Consumption occupies over 92% share in GDP
The government has presented the Economic Survey of fiscal year 2023/24 in the meetings of the House of Representatives (HoR) and National Assembly separately on Sunday. Tabling the Economic Survey 2023/24, Finance Minister Barsaman Pun said that economic and social indices of the country were improving. He said that the country's economy would expand by 3.87 per cent due to the e
Gandaki tops GDP growth rate estimates, Karnali comes last
Among the seven provinces of the country, the gross domestic product (GDP) of Gandaki Province is projected to be highest in the current fiscal year. According to the Provincial GDP estimation for the current fiscal year 2023/24 made public by National Statistics Office (NSO) Wednesday, highest GDP in terms of consumer price of Gandaki Province is estimated to be 4.55 per cent, while Karnali Province will have the lowest growth at 3.39 per cent.
Economists suggest for realistic, implementable budget
Economists have emphasised on the need to bring an implementable and realistic budget rather than a large one in order to accelerate the sluggish economic activities now. They said that in order to
Nepal's foreign trade drops marginally, share of import reaches 91.17%
The country's foreign trade has decreased marginally during the first 10 months of the current fiscal year 2023/24. According to the foreign trade statistics based on 10 months of the current fiscal year made public by the Department of Customs Monday, foreign trade has decreased by 2.50 per cent to Rs. 1,429.53 billion during the first 10 months of the current fiscal year.
NRB’s flexible measures to boost economic activities continue
Nepal Rastra Bank (NRB) has reviewed its third-quarter monetary policy for the current fiscal year 2023/24 giving continuity to the flexible measures adopted to accelerate economic activities.
