3 trillion 52 billion 8 million rupees have been received through remittances in last July and August alone. Compared to the same period of the last financial year, remittances increased by 33.1 percent in the two months of the current financial year. Remittance inflows increased by 15.8 percent in the first two months of last financial year.

Remittance inflow in US dollars increased by 27.6 percent during the review period and reached 2.52 billion. Last year, such flow increased by 14.2 percent. Similarly, on a monthly basis, only 1 trillion 74 billion 67 crore rupees of remittances were received last August, according to the National Bank. In August of the last financial year, remittances of 1 trillion 27 billion 99 crore rupees came. 

Last June, the highest monthly remittance of 1 trillion 89 billion rupees was received in the country. However, remittance inflows are increasing at a high rate in the months before and after that. For the last two years, more than a billion remittances have been received every month. Economists say that as the number of Nepalis going for foreign employment has increased in recent years, the economy of Nepali's main labor destination has improved, and remittances to Nepal are continuously increasing. 

In the first two months of the current financial year, the number of Nepalis who took the final work permit (institutional and individual-new) for foreign employment is 90 thousand 198 and the number of those who took the work permit again is 45 thousand 884. This is more than the same period last year. In the first two months of last year, 76 thousand 485 people got the final work permit (institutional and individual-new) and 40 thousand 583 people got the work permit again. 

Although exports have been increasing for the past few months, the expected improvement in the tourism  sector has not been achieved. In this situation, due to the continuous improvement in remittances, the external indicators of the economy such as foreign exchange reserves, current account, and current account position are becoming stronger. As the external sector of the economy continues to strengthen, the government is assured of a good opportunity for infrastructure construction, reconstruction and development spending. Experts say that if the government increases spending, imports will increase and since there are enough foreign exchange reserves in the country for imports, more and more should be spent now.

Until last August, the country's foreign exchange (currency) reserves reached 28 trillion 81 billion 35 billion rupees. Compared to last June, the total foreign exchange reserves have increased by 7.6 percent. At the end of last June, such reserves were 26 trillion 77 billion 68 billion rupees. According to the Rastra Bank, such reserves in US dollars increased by 4.7 percent to 20.41 billion at the end of August, compared to 19.5 billion at the end of June. 

Based on the imports of the second month of the current fiscal year 2082/83, the foreign exchange reserves of the banking sector are sufficient to support 19.7 months of goods imports and 16 months of goods and services imports, the National Bank claims. The National Bank had set a target of maintaining foreign exchange reserves that would cover seven months of imports this year. 

Moreover, the country's foreign exchange reserves have been continuously making new records for the past 36 months (3 years). Foreign exchange reserves have been making records every month for the past three years as remittances are increasing, imports are increasing, but exports are increasing at a high rate, tourism and other sectors are gradually improving.

In the new situation created by the Gen-G movement, the government has to adopt economical measures in current expenditure and capital expenditure is constantly increasing, so experts say that remittances, strong external indicators and low interest rates are a golden opportunity for the government and the private sector to expand investment. In such a situation, the government should fully control wasteful spending. For this, there is a need for economy in the spending system from the individual, institutional level. However, experts say that development expenditure should not be controlled and should not be spent indiscriminately.

The annual point consumer price increase (inflation) averaged 1.87 percent last August. This growth rate was 3.86 percent in the same month last year. In that period, the price increase of food and beverages group is negative by 1.34 percent while that of non-food and services group is 3.70 percent. Inflation for these groups was 5.06 and 3.19 percent respectively during the same period last year. 

In the first two months of the current fiscal year, the National Bank has informed that the annual point consumer price index of ghee and oil sub-group has increased by 11.09, non-alcoholic beverages by 3.97 and dairy products and eggs by 2.66 percent. Similarly, the annual point consumer price index of vegetable sub-group has decreased by 12.74, marmalade by 6.31 and pulses and pulses by 3.58 percent. 

Under the non-food and service group, the annual point consumer price index of miscellaneous goods and services sub-group has increased by 11.77, education 7.67, clothing and shoes-shoes 6.29, tobacco 4.84 and furnishings and household appliances increased by 4.55 percent. In the same period, the annual point consumer price index of the insurance and financial services sub-group has decreased by 0.22 percent, according to the data of Rashtra Bank.

Similarly, last August, the current account is in surplus by 1 trillion 30 billion 69 billion. During the same period last year, the current account was in surplus by 54.41 billion. In US dollars, the current account, which was in surplus by 41 crores at the end of August last year, is in surplus by 93 crores in the same period of this year. Last July and August, 1 billion 27 billion rupees foreign direct investment (equity only) was received. During the same period last year, such foreign direct investment (equity only) was 2.71 billion.