The foreign trade figures for Nepal for the first nine months of fiscal year 2079/80 have been released. According to government data released on Thursday, Nepal’s trade deficit reduced by 17.06 percent to Rs. 10.83 Kharba from Rs. 13.06 Kharba the previous year.
Highlights:
- Imports and exports both fell in the first eight months of fiscal year 1979/80.
- 7-Month Macroeconomic Highlights: Inflation is 7.88%.
- The government’s spending exceeds its revenue by Rs 1.56 Kharba.
- Higher Operating and Interest Expenses Caused a 95.81% Drop in Ridi Power’s Net Profit Company to Issue 50% Right Shares
- The revenue generated by Ankhukhola Hydropower has decreased by 10.43% to Rs. 12.23 crores.