Spread the love

By Our Reporter

Neaplis are spending a huge amount of money to send their wards abroad for higher studies.  It was revealed by a data of the Current Macroeconomic and Financial Situation of Nepal (Based on Five Months Data Ending Mid-December, 2024/25) released by the central bank.

According to the report, a total of Rs 47.71 billion was paid for education under the service account.    

“Under the service account, travel payments increased by 12.2 per cent to Rs. 85.01 billion, including Rs.47.41 billion for education,” the Nepal Rastra Bank (NRB) stated.    

According to the NRB, such payments were Rs. 75.73 billion for travel payments and Rs. 47.34 billion for education in the same period of the previous year.    

Likewise, the net services income remained at a deficit of Rs. 40.71 billion in the first five months of the current fiscal year compared to a deficit of Rs. 26.55 billion in the same period of the previous year.    

Under the service account, travel income increased by 3.1 per cent to Rs. 35.19 billion in the review period which was Rs. 34.12 billion in the same period of the previous year.

If the trend of Nepali students flying overseas for higher studies is not checked, the country will be losing more money in the days to come while the Nepali universities will be without students.