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 ?
He further informed that Pakistan's foreign exchange reserves are depleting due to widening of current account deficit.
To keep the current account deficit in check, Espenilla said the BSP is helping further develop the domestic debt market to promote domestic savings, while economic managers are expected to manage the investment program very well.
While the markets have so far taken a relatively relaxed view of the UK's elevated current account deficits, it could become an increasing problem if the markets lose confidence in the UK economy for any reason - especially given the size of the fourth quarter 2015 shortfall.
As a result, the current account deficit narrowed further.
Trade balance will be well contained, and it will reflect on current account deficit," he added.
Finance minister P Chidambaram has declared that the Congress-led UPA government would not hesitate to take certain tough decisions in order to contain the fiscal and current account deficits.
The June-quarter current account deficit was wider than the gap of $18.
The current account deficit - the gap between inflow and outflow of foreign currency - widened to a record $22.
The rupee had firmed in the previous trading sessions on healthy remittances from Pakistanis living abroad, but dealers said a widening current account deficit means that the local currency could experience downward pressure in days ahead.
Normally, a country's current account deficit (trade deficit minus transfers from other countries) is financed with foreign private capital.
Bulgaria's current account deficit stood at EUR 176,8 M in November, narrowing from EUR 861 M over the previous year, according to data of the central bank.
current account deficit grew from over 4 percent of GDP in early 2002 to 6V2 percent of GDP in late 2005.