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NBU improves forecast for deficit of current account of Ukraine's balance of payment to $1.8 bln

NBU improves forecast for deficit of current account of Ukraine's balance of payment to $1.8 blnThe National Bank of Ukraine (NBU) has improved its forecast for the deficit of current account of Ukraine's balance of payment for 2016 to $1.8 billion from $2.3 billion, the central bank has said in a press release.

The NBU said that the decision is linked to smaller volumes of natural gas imports than it was expected, improvement of trade conditions, increase in the grain harvest forecast and larger amounts of private remittances to the country.

The NBU worsened the deficit of current account of the balance of payment for 2017 to $2.1 billion from $1.8 billion.

The central bank also improved the forecast for the surplus of consolidated balance for 2016 to $1.3 billion from $1.2 billion and for 2017 – to $1.7 billion from $1.6 billion.
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