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Current account deficit figures for March have been announced

According to the balance of payments data announced by the Central Bank of the Republic of Turkey (CBRT), the current account deficit increased by 2 billion 229 million dollars in March compared to the same month of the previous year and s amounted to 5 billion 554 million dollars. As a result, the 12-month current account deficit rose to $24.223 million.

The increase in the foreign trade deficit defined in the balance of payments from 3 billion 356 million dollars to 6 billion 342 million dollars has been effective in this development.

In the current account, excluding gold and energy, which had a deficit of $314 million in March last year, a surplus of $2.480 million was recorded in the same period of this year. During this period, the net inflows of the balance of services increased by 1 billion 472 million dollars and reached 2 billion 329 million dollars.

In the balance of services, net travel receipts reached $1.450 million in March, up $708 million from the same period a year earlier. During the same period, net outflows from the primary income balance increased by $174 million to $1.397 billion. In the secondary income balance item, which recorded an inflow of $27 million in March last year, there was an outflow of $144 million in the same month of 2022.

On the other hand, the current account deficit for the month of February was revised from 5 billion 154 million dollars to 5 billion 441 million dollars.

Source Cumhuriyet

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