Deniz Kılınç / Istanbul, June 13 (HNA) – Turkey’s current account deficit increased by 1 billion 222 million to 2 billion 737 million dollars in April, compared to the same month of the previous year. Hence, the 12-month rolling deficit rose to 25 billion 710 million dollars, recording the highest level of the past 9 months.
Central Bank data revealed that the increase stemmed from the 2 billion 692 million dollars rise in goods item deficit, carrying the number to 4 billion 433 million dollars.
According to the Central Bank;
Gold and energy excluded current account increased to 4 billion 22 million dollars in April, up from 1 billion 132 million dollars during the same month of the previous year.
Services item’s net surplus increased by 1 billion 482 million dollars to 2 billion 699 million dollars.
Net inflow from the travel item under services rose 933 million dollars to 1 billion 599 million dollars.
Primary income outflow on the net basis decreased by 328 million dollars to 970 million dollars.
Secondary income indicated a net outflow of 33 million dollars, compared to the 307 million dollars inflow in the same month of the previous year.
Direct investment recorded a 323 million dollars net inflow. Meanwhile, portfolio investment recorded a net outflow of 606 million dollars. Regarding the sub-items in liabilities, non-residents’ transactions on equity securities recorded net purchases of 139 million dollars, while government domestic debt securities indicated a net sales of 136 million dollars.
Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts decreased by 1 billion 458 million dollars.
Non-resident banks’ deposit accounts held within domestic banks increased by 1 billion 125 million dollars, with an increase of 958 million dollars in foreign currency and an increase of 167 million dollars in Turkish lira accounts.
Regarding the loans provided from abroad, banks, General Government and other sectors realized net borrowings of 280 million dollars, 34 million dollars and 248 million dollars, respectively.
Official reserves recorded a net inflow of 3 billion 217 million dollars.