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The NEPSE Journal

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All Articles — Page 127

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#NRBReport #MoFReport #NepalEc1 min read
VAT and Customs Collections Rise While Income and Non-Tax Revenues Decline – NRB Data 2025/26
In the first two months of FY 2025/26, VAT (Rs 52.14B, +3.9%) and customs (Rs 35.39B, +7.5%) collections increased, while income tax (-8.5%) and non-tax revenue (-66.3%) declined sharply. Total revenue reached Rs 157.53B, down 5.3% year-on-year. Economists credit consumption recovery for higher indirect taxes but warn that falling income and non-tax revenues pose risks to fiscal stability.
Sandeep Chaudhary27 Oct, 2025
#MoFReport #NepalEconomy #Gove1 min read
Nepal’s Government Revenue Falls 5.3% to Rs 157.53 Billion in First Two Months of FY 2025/26 – MoF Report
Nepal’s government revenue collection fell by 5.3% to Rs 157.53 billion in the first two months of FY 2025/26, as per the MoF report. VAT (Rs 52.14 billion) and customs (Rs 35.39 billion) saw modest growth, but income tax and non-tax revenue declined sharply. Total revenue including other receipts reached Rs 158.71 billion, down 6.4% year-on-year. Economists call for stronger tax reforms and diversification to address the slowdown in revenue inflows.
Sandeep Chaudhary27 Oct, 2025
#NRBReport #NepalEconomy #Fisc1 min read
Nepal’s Cash Balance of General Government Stands at Rs 255 Billion in Mid-September 2025
As per NRB’s mid-September 2025 report, Nepal’s general government cash balance stands at Rs 255.61 billion, with local governments holding Rs 116.55 billion. While liquidity remains strong, under-execution of development budgets persists. The federal deficit of Rs 23.96 billion was partly offset by provincial and local surpluses totaling Rs 57 billion, highlighting the need for improved fiscal coordination and spending efficiency.
Sandeep Chaudhary27 Oct, 2025
#NRBReport #NepalEconomy #Prov1 min read
Provincial Governments Show Rs 21 Billion Surplus – Local Balance Improves by Rs 36 Billion
In the first two months of FY 2025/26, Nepal’s provincial governments achieved a Rs 21.03 billion surplus, and local governments improved their balance by Rs 36.49 billion, according to NRB. This combined Rs 57 billion fiscal cushion helped offset part of the federal deficit. Despite healthy liquidity, analysts urge stronger capital spending to ensure that fiscal surpluses translate into real development outcomes.
Sandeep Chaudhary27 Oct, 2025
#NRBReport #NepalEconomy #Fisc1 min read
NRB Data: Federal Government’s Budget Deficit Widens as Expenditure Outpaces Revenue Growth
According to the NRB 2025/26 report, Nepal’s federal expenditure (Rs 163.47 billion) exceeded revenue mobilization (Rs 157.53 billion), resulting in a budget deficit of Rs 23.96 billion within two months. Borrowing through development bonds and foreign loans (Rs 80.15 billion) financed part of the shortfall. Despite adequate liquidity, the widening fiscal gap highlights growing pressure on public finances and the need for better spending efficiency.
Sandeep Chaudhary27 Oct, 2025
#NRBReport #NepalEconomy #Fisc1 min read
Revenue Mobilization at Rs 157 Billion vs Expenditure Rs 163 Billion – Nepal Records Budget Deficit
In the first two months of FY 2025/26, Nepal’s revenue mobilization reached Rs 157.53 billion, while expenditure totaled Rs 163.47 billion, leading to a budget deficit of Rs 23.96 billion, as per NRB. Internal borrowing contributed Rs 70 billion and foreign loans Rs 10 billion to finance the gap. Despite healthy revenue, expenditure execution—especially in capital sectors—remains sluggish. The government’s cash balance stood at Rs 255.61 billion, showing adequate liquidity for upcoming quarters.
Sandeep Chaudhary27 Oct, 2025
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#NRBReport #NepalEconomy #Fisc1 min read
Nepal’s Government Expenditure Reaches Rs 163 Billion in Two Months of FY 2025/26 – NRB Report
In the first two months of FY 2025/26, Nepal’s total government expenditure reached Rs 163.47 billion, while total resources mobilized were Rs 139.51 billion, leading to a deficit of Rs 23.96 billion, as per NRB. Internal borrowing stood at Rs 70 billion, and foreign loans contributed Rs 10 billion. The cash balance in the treasury rose to Rs 255.61 billion, showing strong liquidity. Economists, however, urge better execution of capital projects to sustain fiscal efficiency.
Sandeep Chaudhary27 Oct, 2025
#NRBReport #NepalEconomy #Fore2 min read
NRB Economic Update 2025/26: Nepal’s Foreign Assets in USD Show Steady Growth and Currency Stability
The NRB Economic Update 2025/26 shows Nepal’s foreign assets in USD rose to USD 21.53 billion, up 4.8% from mid-July, driven by remittances, tourism income, and stable currency conditions. Foreign exchange reserves reached USD 20.41 billion, ensuring 16 months of import cover. The foreign reserves-to-GDP ratio improved to 47.2%, while the exchange rate remained stable at Rs 141.14 per USD. The NRB’s sound policies and controlled imports strengthened Nepal’s external stability, positioning the economy for continued resilience in FY 2025/26.
Sandeep Chaudhary27 Oct, 2025
#NRBReport #NepalEconomy #Fore2 min read
Foreign Reserves to GDP Ratio Improves as NRB and Commercial Banks Boost USD Assets
The NRB’s 2025/26 data shows Nepal’s foreign reserves-to-GDP ratio improving to 47.2%, the highest in recent years. Gross foreign assets reached USD 21.53 billion, while foreign exchange reserves stood at USD 20.41 billion, driven by a 5.5% rise in convertible reserves and 10.6% growth in commercial bank USD holdings. The import cover remains strong at 16 months, reflecting a stable and liquid external sector. Economists credit NRB’s prudent policy and remittance inflows for the gains but urge focus on exports and productive utilization to sustain stability.
Sandeep Chaudhary27 Oct, 2025
Top1 min read
Machinery and Vehicle Imports Deepen Nepal’s Trade Deficit – Over Rs. 60 Billion in Just Three Months
Machinery and Vehicle Imports Deepen Nepal’s Trade Deficit – Over Rs. 60 Billion in Just Three Months Nepal recorded a trade deficit exceeding Rs. 60 billion in just three months of the current fiscal year (2082/83) due to massive imports of machinery, electrical equipment, and vehicles, according to the Department of Customs. During the period between mid-July and mid-October 2025, imports under Chapter 84 (Machinery and Mechanical Appliances) reached Rs. 32.07 billion, while Chapter 87 (Vehicles and Parts) accounted for Rs. 29.33 billion. Together, these two categories made up one of the largest import segments in Nepal’s trade portfolio. Exports from these sectors, however, remained negligible — only Rs. 441 million worth of machinery and Rs. 17 million worth of vehicles were exported during the same period. As a result, the combined trade deficit from these two chapters stood at more than Rs. 61 billion.
Dipesh Ghimire27 Oct, 2025

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All Articles — Page 127

VAT and Customs Collections Rise While Income and Non-Tax Revenues Decline – NRB Data 2025/26

Nepal’s Government Revenue Falls 5.3% to Rs 157.53 Billion in First Two Months of FY 2025/26 – MoF Report

Nepal’s Cash Balance of General Government Stands at Rs 255 Billion in Mid-September 2025

Provincial Governments Show Rs 21 Billion Surplus – Local Balance Improves by Rs 36 Billion

NRB Data: Federal Government’s Budget Deficit Widens as Expenditure Outpaces Revenue Growth

Revenue Mobilization at Rs 157 Billion vs Expenditure Rs 163 Billion – Nepal Records Budget Deficit

Nepal’s Government Expenditure Reaches Rs 163 Billion in Two Months of FY 2025/26 – NRB Report

NRB Economic Update 2025/26: Nepal’s Foreign Assets in USD Show Steady Growth and Currency Stability

Foreign Reserves to GDP Ratio Improves as NRB and Commercial Banks Boost USD Assets

Machinery and Vehicle Imports Deepen Nepal’s Trade Deficit – Over Rs. 60 Billion in Just Three Months

NEPSEtrading

Primary issues

Income & debt

Live market

Read & learn

NEPSE Trading Network

Insights & Analysis

All Articles — Page 127

VAT and Customs Collections Rise While Income and Non-Tax Revenues Decline – NRB Data 2025/26

Nepal’s Government Revenue Falls 5.3% to Rs 157.53 Billion in First Two Months of FY 2025/26 – MoF Report

Nepal’s Cash Balance of General Government Stands at Rs 255 Billion in Mid-September 2025

Provincial Governments Show Rs 21 Billion Surplus – Local Balance Improves by Rs 36 Billion

NRB Data: Federal Government’s Budget Deficit Widens as Expenditure Outpaces Revenue Growth

Revenue Mobilization at Rs 157 Billion vs Expenditure Rs 163 Billion – Nepal Records Budget Deficit

Nepal’s Government Expenditure Reaches Rs 163 Billion in Two Months of FY 2025/26 – NRB Report

NRB Economic Update 2025/26: Nepal’s Foreign Assets in USD Show Steady Growth and Currency Stability

Foreign Reserves to GDP Ratio Improves as NRB and Commercial Banks Boost USD Assets

Machinery and Vehicle Imports Deepen Nepal’s Trade Deficit – Over Rs. 60 Billion in Just Three Months