The current account deficit calculated at $2.74 billion in April

The current account balance posted a deficit of $ 2.74 billion in April, below market expectations of $ 3 billion. The 12-month current account deficit also increased to $ 25 billion 710 million, reaching a peak of 9 months.

Although the current account deficit came in below market expectations in April, the deterioration in the balance of payments continues.

The current account deficit increased by $ 1 billion 222 million compared to the same month a year ago to $ 2 billion 737 million. The expectation in the market was that a deficit of $ 3 billion would be observed in April. In January-April period, the current account deficit was 21 billion 73 million dollars. In the first 4 months of last year, there was a deficit of 9 billion 59 million dollars. As of April, the current account deficit for the 12 months also increased to $ 25 billion 710 million. Thus, the highest annual deficit since July 2021 has been realized.

According to the Central Bank’s assessments, the foreign trade deficit increased by $ 2 billion 692 million to $ 4 billion 433 million and became effective the table in question.

While the current account, excluding gold and energy, gave a surplus of $ 1 billion 132 million in the same month of the previous year, it gave a surplus of $ 4 billion 22 million this month.

Net inflows from the balance of services increased by $ 1 billion 482 million compared to the same month a year ago to $ 2 billion 699 million.