Despite a large number of universities and colleges established in the country for higher studies, a hefty amount of money is spent for abroad studies by Nepali students.
According to the Current Macroeconomic and Financial Situation of Nepal released by the Central Bank on Sunday based on annual data, travel payments from the country increased 18.1 percent to Rs 223.72 billion, including Rs 138.48 billion for education. "Such payments were Rs 189.43 billion and Rs 125.13 billion respectively in the previous year," it stated.
According to the Nepal Rastra Bank, the net services income remained at a deficit of Rs 90.94 billion during 2024/25 compared to a deficit of Rs 55.86 billion in the previous year. Under the service account, travel income increased 7.7 percent to Rs 88.66 billion in the review year which was Rs 82.33 billion in the previous year.
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