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Account deficit rises to nearly Sk4 billion

Preliminary figures from the National Bank of Slovakia (NBS) show that Slovakia's deficit on the current account of the balance of payments was Sk3.741 billion at the end of April.

That means the deficit grew from Sk3.6 billion in March.

Balance of services was the only current-account indicator to show a surplus after four months of this year, with a suprlus of nearly Sk3.8 billion. The trade balance had about a Sk1.8 billion deficit, the balance of current transfers had a deficit of Sk5.6 billion, and the balance of receipts showed a deficit of Sk62.7 million.

The capital and financial account of the balance of payments reported a surplus of Sk85.4 billion, with the surplus on the financial account amounting to Sk80.8 billion. Surplus on the capital account was almost Sk4.6 billion.

The central bank registered a surplus of nearly Sk18 billion within the errors and mistakes category, and the balance of payments was positive, with a surplus of Sk99.65 billion.

On the financial account, the surplus of other investments amounted to Sk87.3 billion. Direct investments were also in a surplus of more than Sk5 billion, with direct investments in Slovakia showing a surplus of more than Sk6 billion.

The central bank posted a surplus of Sk1.5 billion in financial derivatives. Portfolio investments were the only negative item of the financial account, with a deficit of more than Sk13 billion.

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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