In the first two months of the fiscal year 2026/27, Nepal recorded a balance of payments surplus of Rs 187.68 billion. This figure marks an increase from the Rs 153.68 billion surplus posted in the same period of the previous fiscal year. The improvement reflects a net inflow of foreign currency that exceeds outflows during the opening months of the year.
Alongside the overall balance of payments, the current account also stayed in surplus during the review period. It reached Rs 169.04 billion, up from a surplus of Rs 130.97 billion in the corresponding period of the earlier fiscal year.
#Nepal's balance of payments (BoP) remained at a surplus of Rs 180.17 billion till mid-April, according to the report about the current macroeconomic and financial situation of Nepal unveiled by the Nepal Rastra Bank Gross foreign exchange reserves to date stood at Rs 1433.73 billion and 10.94 billion in USD terms.
One of the key contributors to the external position has been the flow of remittances. In the first two months of the current fiscal year, Nepal received Rs 221 billion in remittances.
Higher export earnings bring in additional foreign currency, further bolstering the external accounts.
Export performance also showed a notable rise. Exports increased by 69 percent to Rs 76.59 billion, reflecting a significant growth over the previous year's level. Higher export earnings bring in additional foreign currency, further bolstering the external accounts.
The combined effect of stronger remittances and export growth produced a measurable improvement in the balance of payments. This uplift underscores how the two main inflows—remittances and exports—shifted the net external position toward a larger surplus.
Not all components moved in the same direction. Net capital transfers stood at Rs 1.53 billion in the first two months of the current fiscal year, down from Rs 2.20 billion in the same period of the previous year.
#Nepal | Balance of Payments (BoP) of Nepal at a surplus, inflation exceeds the expected ceiling Read More: https://t.co/UFE0sVm5UN @PBSC_Kathmandu https://t.co/w692lBYChA
Taken together, the data point to a period where remittances and export earnings have risen sharply, lifting both the balance of payments and the current account into larger surpluses. While net capital transfers have eased, the overall external position remains stronger than it was a year earlier, as reflected in the higher surplus figures reported for the early months of fiscal year 2026/27.