$268.6m deficit

$268.6m deficit

The Fiji Times, 14 November 2017 – INCREASES in the import of mineral fuels and the reinvestment of profits by foreign owned companies resulted in a deficit of $268.6 million in the balance on current and capital accounts for the March quarter of this year.

In its November issue of balance of payments statistics, the Fiji Bureau of Statistics highlighted that the current and capital account balance for the country stood at a deficit of $268.6m while the financial account balance stood at a deficit of $304.7m.

The balance of payments statistics show the value of Fiji’s transactions with the rest of the world in goods, services, primary income and capital accounts. Read more…