Balance of Payments of the Republic of Lithuania for Q3 and the three quarters 2012

The excessive balances of services and of current transfers recorded in Q3 2012 did not offset the deficits in the balances of foreign trade and of income, which, in the aforementioned period, led to a build-up of an LTL 203.5 million deficit in the current account balance (CAB) of the country’s balance of payments. Although in Q2 a surplus CAB of LTL 1.3 billion built up, as a result of the significant CAB deficit in Q1 one could not avoid a deficit on the current account balance of the three quarters of 2012. The negative value for the financial account of the balance of payments (LTL –849.9 million) in Q3 2012 resulted from growth in official reserve assets.