February 22, 2024, Thursday
Nepal 1:37:26 pm

Nepalis spend Rs. 119.99 billion in travel

The Nepal Weekly
July 11, 2023

In the first eleven months of the current fiscal year (2022-23), Nepali nationals spent Rs 119.99 billion on foreign travel.

According to the Current Macroeconomic and Financial Situation report released by the Nepal Rastra Bank on Monday, during the 11 months period of the fiscal year 2022-23 (mid-July, 2022 to mid-July, 2023), travel payments increased by 37.9 per cent to 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. Meanwhile, during the review period, travel income amounted to Rs 58.06 billion following a 94.3 per cent rise compared to the corresponding period previous fiscal year. The figure was Rs 29.88 billion last year.