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Nicaragua recorded a surplus in the current account of the balance of payments of $ 27.6 million in the first quarter of 2018, 6.9 percent higher than in the same period of 2017, the Central Bank informed Today
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The issuing bank of the state specified in a report that the surplus of the current account of the balance from January to March, the payments were higher than 1,8 million dollars than the value recorded in the first quarter of 2017, while it was 25.8 million dollars .
The current account result was explained mainly because of a substantial improvement in the balance of services ($ 178.6 million), whose positive balance was higher than that observed in the first quarter of 2017 ($ 119.3 million), explained primarily by r increasing tourism and telecommunications revenues, the entity said.
In the balance of goods, total exports (goods, free zone, goods acquired in ports and non-monetary gold) an increase of $ 7.8 million over exports in the first quarter of 2017, which was helped by the improvement in export volumes and contracted prices, the source said.
Similarly, total imports were $ 52.3 million higher than the same period last year, he added.
Meanwhile, the primary income account reflected a deficit of $ 95 million, mainly related to higher payments. dividends for foreign direct investment in the country.
While secondary income showed a surplus of $ 403.4 million in the first quarter, mainly explained by the increase in family transfer flows of 9.3% over the first quarter of 2017.
Finally, the capital account recorded $ 9 million at the end of the first quarter which came mainly from net capital transfers received by the government and public corporations.
For its part, the financial account had a net indebtedness of $ 79.9 million (-334.9 million in the first quarter of 2017)
The balance of payments is a registration of all monetary transactions made between a country and the rest of the world during a given period.
Gross Domestic Product (GDP) of 4.9% in 2017, with inflation of 5.68%, according to official figures.
The Central Bank has been reduced from 4, 5 to 1 percent of your growth forecast for the economy this year as a result of the "riots that took place in Nicaragua" since April 18, with inflation between 6.5 and 8.5%.
Source: efe
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