Arab Today, arab today palestine records 600 million deficit in q3
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

Palestine records $600 million deficit in Q3

Arab Today, arab today

Arab Today, arab today Palestine records $600 million deficit in Q3

Ramallah - QNA

Palestine recorded a Current Account deficit of $672.6 million - 25.7% of the GDP - for the third quarter compared to the previous quarter, the Palestinian Central Bureau of Statistics (PCBS) and the Palestine Monetary Authority (PMA) said in a joint statement on Wednesday. Preliminary results of the Palestinian balance of payments showed that the deficit in the trade balance of goods amounted to $1,232 million, or 47.1% of the GDP. The deficit in services balance amounted to $84.2 million reflecting a decrease of 7.4% compared with the previous quarter caused by the difference between an increase in exports and a decrease of imports of government services, according to the statement quoted by WAFA news agency. According to the release, the surplus of $279.1 million was recorded in this account, showing an increase of 0.4% compared with the previous quarter. The surplus was in compensation of employees working in Israel, which reached $247.8 million. Meanwhile, the investments income received from abroad amounted to $32.1 million, which was caused by the interest received on the Palestinian deposits in banks abroad. According to the net current transfers, the surplus value amounted to $364.5 million, showing an increase of 49.9% compared with the previous quarter. The donors’ current transfers were 27.4% of total value of receipts from abroad. The surplus value of capital and financial account amounted to $614.1 million caused mainly by the surplus in financial account, which amounted to $532.7 million. The changes on reserve assets flows amounted to $37.2 million in the PMA, which are reflected in the overall balance surplus due to the absence of other financing resources.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today palestine records 600 million deficit in q3 Arab Today, arab today palestine records 600 million deficit in q3

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today palestine records 600 million deficit in q3 Arab Today, arab today palestine records 600 million deficit in q3

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday