Balance Of Payments (BOP) At A Deficit Of Rs. 22.63 Billion

September 16, 2022 | Investopaper

Balance of Payments (BOP) remained at a deficit of Rs.22.63 billion in the first month of the current fiscal year 2022/23 compared to a deficit of Rs.38.75 billion in the same period of the previous year. In the US Dollar terms, the BOP remained at a deficit of 177.68 million during this period compared to a deficit of 325.53 million in the same period of the previous year.

Similarly, the current account remained at a deficit of Rs.16.26 billion compared to a deficit of Rs.47.29 billion in the same period of the previous year. In the US Dollar terms, the current account registered a deficit of 127.68 million compared to deficit of 397.36 million in the same period last year.

In the review period, capital transfer increased 17.7 percent to Rs.800.34 million and net foreign direct investment (FDI) remained a negative of Rs.1.40 billion. In the same period of the previous year, capital transfer and net FDI amounted to Rs.679.72 million and Rs.480.57 million respectively.

Balance Of Payments In FY 2021/22

Balance of Payments remained at a deficit of Rs.255.26 billion in the fiscal year 2021/22 against a surplus of Rs.1.23 billion in the previous year. In the US Dollar terms, the BOP was at a deficit of 2.14 billion as compared to a deficit of 3.1 million in the previous year 2020/21.


Recommended: Balance Of Payment (BOP): Explained

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