Bosnia's balance of payments: Deficit In Q2 decreased

The Central Bank of Bosnia and Herzegovina (CBBH) published data on the balance of payments transactions for the second quarter of 2012, and they indicate that the current account deficit in the second quarter of 2012,  amounted to KM 901 million, which is 8.2% lower deficit...

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Bosnia's balance of payments: Deficit In Q2 decreased



Balkans.com Business News Correspondent - 08.10.2012

The Central Bank of Bosnia and Herzegovina (CBBH) published data on the balance of payments transactions for the second quarter of 2012, and they indicate that the current account deficit in the second quarter of 2012,  amounted to KM 901 million, which is 8.2% lower deficit than in the same quarter last year. It is important to mention that there was a high inflow of foreign direct investments in BH in the second quarter, amounting to KM 491 million and that the foreign exchange reserves decreased by KM 230 million.  Cumulative current account deficit for the first half of the year in 2012, reached KM 1.75 billion, which is compared with the same period last year, an increase of 10.6%. It is encouraging to have now the stop of this first quarter upward trend in deficit, when, as a result of extreme low exports the deficit was unusually large (KM 853 million).
Since the second quarter 2012 on, the balance of payments statistics' users should pay attention to the compliance of compilation and presentation processes of the balance of payments statistics for BH with the new international methodological standards (Handbook for the Compilation and Dissemination of Balance of Payments Statistics and International Investment Position, sixth edition (BPM6). Related to this, we carried out the revision of the data from the first quarter of 2007 until now, which provided for users the sufficiently long data series for review of the balance of payments statistics for BH.
Source: CBBH


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