Current Account

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Related to Current account deficit: Capital account deficit, Fiscal Deficit

Current Account

A detailed financial statement representing the debit and credit relationship between two parties that has not been finally settled or paid because of the continuous, ongoing dealings of the parties.

References in periodicals archive ?
Certain positive factors have contributed to lower current account deficit.
Pakistan has seen perennial trade deficit, current account deficit and fiscal deficit, and the shortfall was met through bank borrowing and foreign loans.
Chidambaram on Monday cut indirect taxes on consumer durables, cars and manufactured goods as he pledged to cut the country's fiscal and current account deficits.
The current account deficit is large, which needs large amount of capital inflows.
The current account deficit - the gap between inflow and outflow of foreign currency - widened to a record $22.
The PIGS' own central banks started to lend newly printed money to their private banks, and this money was then used to finance the current account deficit.
For the January to November period, the current account deficit stood at EUR 2,56 B, narrowing from EUR 7,69 B a year ago.
The total current account deficit was lower than the widely expected $184.
For the period 1998:Q3 through 2005:Q3, the difference in the actual and simulated current account deficit as a percent of GDP is 6.
National Statistics reported yesterday that the shortfall on the current account deficit during July to September widened to pounds 9.
Overall, the results support claims that the size of the current account deficit and the extent to which it is financing consumption matter for adjustment.
The current account deficit has risen to record heights in recent years as America's demand for foreign goods and services has soared, raising worries about the country's ability to continue financing a trade deficit at such heights.