Monday, March 31, 2008

Rs 6.18b budget deficit: NRB report

Due to relatively higher growth of government expenditure in the current year, the budget has also posted Rs 6.18 billion deficit in the first seven months. In the same period last year, the budget was at the surplus of Rs 1.82 billion, according to the current macroeconomic situation based on the first seven months of this fiscal year.
However, the revenue mobilisation has increased by 29 per cent to Rs 54.52 billion compared to an increase of 17.9 per cent in the corresponding period last year. The NRB report also states that domestic credit has increased by 12.6 per cent in comparison to a growth of 2.3 per cent last year. A significant rise in domestic credit was on account of a pick up in bank credit to the private sector.
The NRB has injected a net liquidity of Rs 42.16 billion by net purchase of $660.6 million from commercial banks through foreign exchange intervention in the review period. A net liquidity of Rs 37.17 billion had been injected through the net purchase of $510.8 million in the same period last year.
Total exports declined by three per cent that is equal to the decline in the corresponding period last year. "Of the total exports, export to India fell by 5.5 per cent in comparison to a decline of 4.6 per cent in the same period last year," according to the central bank. Exports to other countries, on the other hand, posted a growth of 2.5 per cent in comparison to an increase of 0.7 per cent in the comparable period last year.
However, total imports rose by 11.9 per cent compared to a rise of just 1.6 per cent in the corresponding period last year, states the NRB report. The year-on-year inflation moderated to 6.4 per cent in mid-February 2008 from eight per cent in the same period last year."
Likewise, the appreciation of Nepali currency against the US dollar also dampened the inflationary pressure," it states. Indian currency equivalent to Rs 50.23 billion was purchased through the sale of $790 million in the review period. During the same period last year, a total of Rs 30.49 billion.

9 comments:

Anonymous said...

[url=http://cpcheat.org/]Club Penguin[/url] gives you a [url=http://cpcheat.org/club-penguin-money-maker/]Club Penguin Money Maker[/url] that allows you to make a lot of coins in Club Penguin.
[url=http://cpcheat.org/]Club Penguin[/url] also gives you [url=http://cpcheat.org/club-penguin-trackers/]Club Penguin Trackers[/url] such as a [url=http://cpcheat.org/club-penguin-aunt-arctic-tracker/]Club Penguin Aunt Arctic Tracker[/url], a [url=http://cpcheat.org/club-penguin-cadence-tracker/]Club Penguin Cadence Tracker[/url], a [url=http://cpcheat.org/club-penguin-gary-tracker/]Club Penguin Gary Tracker[/url], a [url=http://cpcheat.org/club-penguin-band-tracker/]Club Penguin Band Tracker[/url], a [url=http://cpcheat.org/club-penguin-rockhopper-tracker/]Club Penguin Rockhopper Tracker[/url], and a [url=http://cpcheat.org/club-penguin-sensei-tracker/]Club Penguin Sensei Tracker[/url].
Finally,[url=http://cpcheat.org/]Club Penguin Cheats[/url] gives you [url=http://cpcheat.org/club-penguin-bots/]Club Penguin Bots[/url] and [url=http://cpcheat.org/]Club Penguin Mission Cheats[/url] and [url=http://cpcheat.org/]Club Penguin Coin Cheats[/url]

Anonymous said...

Hello, as you may already noted I am fresh here.
In first steps it is really good if somebody supports you, so hope to meet friendly and helpful people here. Let me know if I can help you.
Thanks in advance and good luck! :)

Anonymous said...

Hello,
I have developed a new clean web 2.0 wordpress theme.

Has 2 colours silver and blue, has custom header(colour or image).
I am curently working on it, so if you have suggestions let me know.

You can view live demo and download from here www.getbelle.com
If you found bug reports or you have suggestions pm me.
Wish you a happing using.

many thanks to [url=http://www.usainstantpayday.com/]USAInstantPayDay.com[/url] for paying the hosting and developement of the theme

PreeskGreatte

Anonymous said...

Phenomenal web site.

Scandinavian optimization advisor providing low cost all-inclusive service (sokoptimering).
[url=http://www.smotop.se]Sokmotoroptimering[/url]
http://www.smotop.se/smotopbloggen/

Anonymous said...

Energy seems to be a big deal these days. So we buy [url="http://standbygenerators.terapad.com"]power generators[/url] and various other power generation equipment for every use. Backup Generators, Portable Generators, and [url="http://standbygenerators.posterous.com"]Standby Generators[/url]. Should you be experiencing any power problems and would like to take power into your own hands and gain an advantage in your daily life or business activites, please contact us

Anonymous said...

I was able to find gοod info frοm уouг contеnt.



my website; Online Payday Loans No Credit Check
My blog post ... payday loans online

Anonymous said...

We [url=http://www.onlinecasinos.gd]casino bonus[/url] be subjected to a rotund library of unqualifiedly freed casino games as a replacement for you to sport opportunely here in your browser. Whether you call for to procedure a provisions game master plan or even-handed try manifest a occasional new slots once playing for unfeigned in clover, we procure you covered. These are the claim verbatim at the same time games that you can engage at true online casinos and you can join in them all quest of free.

Anonymous said...

There is perceptibly a lot to know about this.
I consider you made various good points in

features also.
Feel free to visit my homepage : globallysocial.org

Anonymous said...

Ρгetty! Thiѕ hаs been аn еxtremely wonderful artіcle.
Many thanks for provіding this information.
raspberry ketone scam - raspberry ketone scam - raspberry Ketone scam

My site; best pure raspberry ketone supplement