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Surplus of Ukraine's consolidated balance of payment amounted to $377m in June

Surplus of Ukraine's consolidated balance of payment  amounted to $377m in JuneThe surplus of Ukraine's consolidated balance of payments in June amounted to $377 million, whereas in the previous month it was $374 million, and in June - $468 million, according to a statement on the website of the National Bank of Ukraine (NBU).

In addition, the surplus of the current account of the balance of payments amounted to $241 million in June, while in the previous month it was $403 million, and the deficit in June 2015 was $347 million.

In general, in January-June 2016 the current account deficit amounted to $184 million, or 0.5% of GDP, while for the same period in 2015 the figure was $114 million, or 0.3% of GDP.

The consolidated balance of payment in January through June posted a surplus of $406 million compared to the deficit of $1.39 billion in January through June 2015.

The NBU said that in June 2016 net inflow for the financial account reached $136 million (in June 2015 it was balanced), and in January through June 2016 net inflow totalled $547 million compared to the outflow of $1.6 billion a year ago.

Net inflow under private sector's transactions was $90 million (outflow of $453 million in June 2015). Net outflow from the public sector was $77 million. This is linked to payment of loans.

The central bank said that net increase of foreign direct investment (FDI) was $190 million. The largest part of them was sent to the banking sector.

The net inflow of FDI in January-June 2016 was $2 billion, while year-over-year it was $1.3 billion.

The central bank said that net decrease of the foreign position of the banking system for transactions with portfolio and other investment was $717 million.

The net decrease of the foreign position of the real economic sector (not taking into account FDI) was $601 million. Net payments on credits amounted to $20 million and off-bank cash currency decreased by $597 million.

In January through June 2016 -bank cash currency decreased by $2.5 billion, while year-over-year it fell by $305 million.

As of July 1, 2016, international reserves reached $14 billion, enough to finance imports for 3.6 months.
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