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Central Bank Says Negative Balance of Payments
Azerbaijani Central Bank in the first quarter said a negative balance of payments of the country.
According to its statements, the current account deficit by April 1 amounted to $ 432.151 million, driven by the export of capital out of the country. Without taking into account this factor, the deficit would be much less - at the level of $ 77,740,000. Basic capital outflows culprit is the oil and gas sector, which accounts for $ 384,336,000 withdrawn for the implementation of international initiatives.
Recall, as of 1 April last year, the trade surplus amounted to $ 621 million 706 thousand (including $ 1 billion 552 million 333 thousand in oil revenues). --17D-
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- Economics
- 20 June 2016 22:29
Economics
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