Balance Of Payments (BOP) at a Surplus of Rs. 210 billion

January 12, 2024 | Investopaper

Balance of Payments (BOP) remained at a surplus of Rs.210.59 billion in the first five month of the current fiscal year 2023/24 against a surplus of Rs.45.87 billion in the same period of the previous year. In the US Dollar terms, the BOP remained at a surplus of 1.58 billion in the review period against a surplus of 346.8 million in the same period of the previous year.

Similarly, the current account remained at a surplus of Rs.140.23 billion in the review period against a deficit of Rs.41.21 billion in the same period of the previous year. In the US Dollar terms, the current account registered a surplus of 1.05 billion in the review period against a deficit of 322.2 million in the same period last year.

In the review period, capital transfer decreased 17.2 percent to Rs.2.87 billion and net foreign direct investment (FDI) remained a positive of Rs.3.92 billion. In the same period of the previous year, capital transfer amounted to Rs.3.47 billion and and net FDI amounted to Rs.604.9 million.


Balance Of Payments In FY 2022/23

Balance of Payments (BOP) had remained at a surplus of Rs.290.52 billion in the fiscal year 2022/23 against a deficit of Rs. 255.26 billion in the previous year. In the US Dollar terms, the BOP remained at a surplus of 2.21 billion in the review year compared to a deficit of 2.15 billion in the previous year.

However, the current account remained at a deficit of Rs.72.16 billion in the review year compared to a deficit of Rs.623.38 billion in the previous year. In the US Dollar terms, the current account registered a deficit of 557.12 million in the review year compared to deficit of 5.17 billion in the previous year.

In the fiscal year 2022/23, capital transfer decreased 24.5 percent to Rs.7.54 billion and net foreign direct investment (FDI) remained Rs.5.96 billion. In the previous year, capital transfer and net FDI amounted to Rs.9.99 billion and Rs.18.56 billion 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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