Date: 8 months ago   Category: Financial

The balance of payments of Ukraine in July was consolidated with deficiency by $170 million


In seven months of the current year the balance of payments of the country has been consolidated with surplus of $137 million that is 5,6 times less, than for the same period of 2017. The deficiency of the balance of payments of Ukraine in July, 2018 was $170 million. It is 40,4% better than an indicator for the corresponding period of last year, reports National Bank on Friday, August 31. Thanks to surplus February and April-June in general in seven months of the current year the balance of payments of the country has been consolidated with surplus of $137 million that is 5,6 times less, than for the same period of 2017. According to the NBU, the deficiency of the current account in July, 2018 was $1,1 billion that by 8,8 times exceeds an indicator of June-2018 and by 2,7 times – July-2017. "First of all it is connected with considerable growth rates of volumes of import of goods in comparison with export volumes", – the Central Bank explains. According to data of the NBU, export of goods in July of this year has grown by July of last year by 12,6% – to $3,29 billion whereas import – for 24,9%, to $5,02 billion. Export growth of services has made 9,9% – to $1,37 billion whereas import – 10,6%, to $3,58 billion. "The general export growth of goods was contained by logistic problems in the Sea of Azov therefore export growth of metallurgical production was slowed down (up to 19,9% of yoy)", – has specified National Bank. The regulator advancing import growth has explained with great consumer and investment demand against the background of which purchases of production of mechanical engineering (16% of yoy), food products (30,8% of yoy) and industrial products (28,1%) have significantly increased. "Also high rates growth of power import continued. Because of the continuing growth of the world prices for oil and natural gas values of import of energy carriers have grown by 32,6%", – the NBU has added. In general in seven months export of goods has grown by 11,8% – to $24,5 billion whereas import – for 15,6%, to $30,51 billion, export of services – for 10,1%, to $8,59 billion, import – for 8,3%, to $8,09 billion. As a result for January-July, 2018 the deficiency of the current account has increased by 2,7 times by the same period of 2017 – up to $1,72 billion. Pure inflow of the capital on the financial account in July-2018 has jumped up to 0,9 billion from $0,15 billion last month and $0,11 billion in July-2017. The National Bank specifies that it has been provided with operations of the private sector whereas blank external obligations of a public sector were reduced by $0,1 billion mainly because of operations of the government with the OVDP. "Net proceeds of the real sector ($1,1 billion) have been provided, generally at the expense of debt tools – the trade and long-term credits", – specifies the regulator. According to him, the direct foreign investments (DFI) in July, 2018 in comparison with June when two thirds of PII have fallen on renewal of a debt of the banking sector in authorized capital, were reduced by 3,3 times – to $142 million. In general in seven months 2018 of PII have made $1,32 billion from which nearly a third – capitalization of a debt of the banking sector. In general for January-July of the current year pure inflow of means on the financial account has made $1,82 billion, what is 26,6% more

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