KATHMANDU: In the current fiscal year, within the first seven months, Nepal has witnessed a substantial increase in revenue from tourism, amounting to Rs 32.24 billion in foreign exchange.
According to a report published by Nepal Rastra Bank (NRB), there has been a noteworthy improvement in tourism income this year, rising by a remarkable 107% in comparison to the same period of the previous fiscal year.
The surge in the number of incoming tourists has significantly contributed to this positive trend.
During the corresponding seven months of the previous fiscal year, the tourism income stood at Rs 15.54 billion.
The surge in the number of tourists visiting Nepal has resulted in a commendable 56.6% increase in tourism expenses as well.
The total expenditure on tourism during this seven-month period has reached Rs 62.57 billion, as mentioned in NRB report .
Notably, educational expenses accounted for Rs 43.74 billion, indicating a considerable increase compared to the previous fiscal year, where tourism expenses in education were at Rs 22.60 billion during the same period.
The influx of both incoming tourists and outbound travelers from Nepal has contributed significantly to the boost in tourism revenue and expenditure, highlighting the positive impact on the country’s economy.
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