The NEPSE Journal
Insights & Analysis
Market commentary, data deep-dives, and trading notes from the NEPSE Trading desk.
All Articles — Page 204
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#NepalEconomy #RevenueCollecti1 min readNepal’s Revenue Falls 10.5% in 2025/26 as Non-Tax Income Collapses
Nepal’s revenue fell by 10.5% in mid-August 2025/26, with non-tax income collapsing by 78%, highlighting risks to fiscal stability despite growth in VAT, customs, and excise collections.
Sandeep Chaudhary
#NepalEconomy #FiscalSurplus #1 min readBudget Outlook 2025/26: From Deficit to Surplus – Is Nepal Entering Fiscal Stability?
Nepal’s fiscal position improved sharply in 2025/26, recording a Rs. 31 billion surplus as revenues and grants outperformed expenditures. Experts view this as a step toward fiscal stability, but warn sustainability will depend on efficient spending and prudent debt management.
Sandeep Chaudhary
#NepalEconomy #FiscalFederalis1 min readLocal Governments Improve Balances by Rs. 611 Million: Grassroots Fiscal Strength
Local governments recorded a surplus of Rs. 611 million in mid-August 2025/26, reflecting improved fiscal management, revenue mobilization, and coordination under federalism.
Sandeep Chaudhary
#NepalEconomy #ForeignLoans #P1 min readForeign Loans Rs. 5.1B in One Month: How External Financing Supports Nepal’s Budget
Nepal borrowed Rs. 5.1 billion in foreign loans in the first month of 2025/26. The funds supported capital projects and fiscal stability but highlight the need for prudent debt management and efficient use of external financing.
Sandeep Chaudhary
#NepalEconomy #FiscalBalance #1 min readCash Surplus in Treasury Soars as Nepal’s Fiscal Balance Improves in 2025/26
Nepal’s government recorded a strong cash surplus of Rs. 226B in the treasury by mid-August 2025, driven by higher revenue and low spending. While this signals fiscal discipline, experts caution that under-utilized funds must be directed toward infrastructure and growth-oriented projects.
Sandeep Chaudhary- Advertisement
#NepalEconomy #PublicFinance #1 min readGovernment Expenditure Rs. 44B in First Month: Capital vs Recurrent Spending Trends
Nepal’s total government expenditure reached Rs. 44B in mid-August 2025/26 — with recurrent spending still dominating and capital investment remaining low, raising concerns about fiscal efficiency and development momentum.
Sandeep Chaudhary
#NepalEconomy #DomesticBorrowi1 min readDomestic Borrowings Finance Rs. 40B: Treasury Bills and Bonds in Focus
Nepal raised Rs. 40B in domestic borrowings in the first month of 2025/26, entirely via development bonds, reflecting fiscal pressures but also raising concerns about debt sustainability.
Sandeep Chaudhary
#NepalEconomy #Federalism #Pro1 min readProvincial Governments Post Rs. 8.5B Surplus: What It Means for Federalism in Nepal
Provinces posted an Rs. 8.5B surplus due to high transfers and low spending, but this reveals capacity gaps rather than efficiency, raising concerns about the effectiveness of Nepal’s federal model.
Sandeep Chaudhary
#NepalEconomy #Revenue #Fiscal1 min readRevenue and Grants Reach Rs. 75B in a Month – Can Nepal Maintain Fiscal Discipline?
Nepal mobilized Rs. 75.1B in revenue and grants in a single month, outpacing expenditure, but questions remain whether the government can sustain fiscal discipline in the long run.
Sandeep Chaudhary