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The tendency of reduction in the current account deficit will be observed in the second year-half as well, head of the methodology, analysis and forecasting of the balance of payments department of the National Bank of Ukraine Serhiy Nikolaichuk told a round table "The state budget, debt and balance of payments: current realities and perspectives by the end of the year", ForUm correspondent reported.
According to Nikolaichuk surplus of reserve balance of payments this year totaled 3.3 billion U.S. dollars, while over the same period last year was only $ 400 million. It is related to investment and debt capital inflow in Ukraine, as well as to fundamental factors such as reduction in the current account deficit.
For five months in 2013, according to Nikolaichuk, the current account deficit narrowed to U.S. $ 3.1 billion, while for the same period in 2012 it amounted to 4.2 billion U.S. dollars. Reducing the current account deficit is observed in such an important article, as the balance of trade in goods. This is associated with a fairly sharp decline in imports by 12%, compared to last year.
He added that reduction in the current account deficit is promoted by the strengthening of the price competitiveness of the Ukrainian economy. "Due to the fact that inflation in Ukraine is much lower than in countries - trading partners, the real exchange rate, which is an indicator of competitiveness, reduced in May by 5% in annual terms," he noted.