Ukraine's surplus of balance of payments almost doubles in nine mths

Ukraine's balance of payments showed a surplus of US$1.919 billion in January-September 2017, which was almost twice the amount of surplus recorded at $976 million year-over-year (y-o-y), according to the National Bank of Ukraine (NBU).

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

The surplus of the balance of payments was $637 million in September 2017 alone, which was 43.8% up against the surplus recorded a year ago, the report says.

Preliminary estimates show that the deficit of Ukraine's balance of payments in September 2017 alone remained almost at the level of September 2016 amounting to $998 million. However, it grew by 5.8 times from August 2017 due to planned interest payments on restructured government domestic loan bonds.

Read alsoUkraine sees UAH 39 bln in budget surplus in eight monthsThe negative balance of the current account over the nine months of 2017 increased by 12.7% y-o-y, to $3.043 billion, mainly due to large-scale purchases of energy products and agricultural machinery.

The net inflow of the financial account in September 2017 stood at $1.6 billion dollars and was mainly provided by the receipt of funds from the placement of external state loan bonds. The net income of the real sector in September 2017 amounted to $0.5 billion.

As UNIAN reported, Ukraine's balance of payments in 2016 demonstrated a surplus of $1.346 billion, which was 1.6 times up against an $849 million surplus in 2015. Ukraine saw a surplus for the second year in a row, after a $13.3 billion deficit in 2014.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!