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21
JAN 10

Balance of Payments




Balance of Payments Major Balances

Year end 2008 Dec: (balance on goods and service)/ Balance on current account =
(-2,382-908)/(-15,969)= 20.6%
Year end 2009 Sept:(balance on goods and service)/ Balance on current account =
(2,284-635)/ (-5,723)= 28.8%

Net debt, or liabilities exceeding assets, increased to $173.31 billion as at Sept. 30, from $171.8 billion three months earlier - more dependency on the kindness of strangers.

An imporvement of sorts, would have been a lot better had the currency represented fair value.


tags: balance of payments, net debt
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