Bank of Lithuania

The deficit on the current account balance (CAB) on the country’s balance of payments decreased in January 2012. It went down by LTL 189.4 million or 32.1% compared to December 2011. The decline in the CAB deficit was driven by a decrease in the income balance deficit and a hike in the current transfers from abroad. In January 2012, the year-on-year growth of the CAB deficit was 17.6%. A positive figure (LTL 323 million) on the balance of the financial account on the balance of payments in January 2012 has formed as a result of a decrease in official reserve assets.

The above data was released by the Statistics Department of the Bank of Lithuania.

For more information on the country’s Balance of Payments for January 2012 see the Bank of Lithuania’s Statistical Release (113.8 KB download icon). Comprehensive data is presented on the website of the Bank of Lithuania.