KATHMANDU, March 5 - In the first six months of the current fiscal year, the overall balance of payment recorded a significant surplus of Rs. 28.5 billion compared to a deficit of Rs 2.0 billion in the corresponding period of the previous year, Nepal Rastra Bank (NRB) said Wednesday releasing the periodic macroeconomic situation based on the first six months of the current fiscal year.
This increase was primarily attributed to the surge in net transfers by 59.9 percent in the first half of the fiscal year ending in mid-January. Under transfers, workers' remittances soared by 65.3 percent in the first six months of compared to the growth of 18.2 percent in the corresponding period of the previous year, said the bank.
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