balance of payments deficit of Ukraine in 2009 increased by 4,3 times, or $ 10.518 billion - up $ 13.727 billion, reported on the website of the National Bank of Ukraine (NBU), citing preliminary data.
According to a research note NBU, balance of payments deficit in December fell to $ 222 million from $ 641 million in November. At the same time in the fourth quarter balance of payments deficit was the smallest in the last year: its shortfall in October-December 2009amounted to $ 1.554 billion (in IV quarter 2008 - $ 9.464 billion), while in the III quarter - $ 4.902 billion, in II quarter -- $ 2.046 billion, and in I quarter - $ 5.225 billion
According to NBU, the current account deficit declined in 2009 in 6,6 times - to $ 1.94 billion, from $ 12.763 billion up to 2008. In December, a negative current account gap rose to $ 585 million to $ 344 million in November. At the same time in October and December last year the current account deficit is fixed at the maximum level in 2009 - $ 830 million (in IV quarter 2008 - $ 3.71 billion), while in the III quarter - $ 360 million, in II quarter - $ 54 million, in the I quarter - $ 696 million
"In 2009, the decline in external demand and world prices resulting from global crisis resulted in a significant decrease in revenues from exports of goods and services - by 36,7%. But the lack of external finance, reducing domestic demand and the devaluation of the hryvnia in late 2008 identified an even greater drop in imports - 43.1% ", - stated in the note.
According to NBU, the current account deficit in 2009 declined to about 1.7% of GDP (Goskomstat has not yet published estimate of GDP up to 2009), with 7% of GDP up to 2008.
This pattern was due to a sharp decrease in the negative trade balance: up to $ 2.722 billion from $ 14.35 billion in 2008. Thus the note indicated that the fall in GDP for 2009 is expected to reach 14-15%, while the real exchange rate depreciated during the year by 17,2%.
The central bank links the growth of a negative gap of the current account in December, with some resumption of domestic demand and stabilize the currency market. Significant impact on the expansion of the current account deficit also had the traditional end of the year for the reduction of the surplus of trade in services.
foreign trade deficit in goods, according to the note in 2009 totaled $ 5.329 billion, down from $ 16.091 billion in 2008. In December 2009 it increased compared to November to $ 892 million to $ 582 million surplus on trade in services in 2009 totaled $ 2.607 billion, up from $ 1.741 billion in 2008. At the same time, in December 2009 dropped to $ 125 million from $ 234 million in November.
financial account deficit in 2009 totaled $ 11.787 billion, whereas in 2008 it was recorded a surplus at $ 9,554 billion in December 2009 recorded a surplus account of financial transactions at $ 363 million, against the deficit in November at $ 297 million . financial account deficit in the fourth quarter totaled $ 724 million (the deficit in IV quarter 2008 - $ 5.754 billion), down from $ 4.542 billion in the III quarter with $ 1.992 billion in the II quarter and $ 4.529 billion in the I quarter.
The note indicated that the financial account deficit emerged, primarily because of net repayment of accumulated in previous years, external debt of private and public sectors of the economy ($ 9 billion).
"In December, the balance of payments situation has already become reminiscent of developments in previous years, when the growing current account deficit financed by capital inflows, primarily on credit. Thus, for the first time in 2009, the financial account was created with a surplus ($ 363 million) because of the surplus under "Loans and bonds ($ 676 million)," - says.
According to NBU, in general, for 2009 the deficit balance on the "loans and bonds, amounted to $ 9.039 billion, whereas in 2008, its surplus was $ 12.315 billion
"The deficit on transactions with loans and bonds from the private sector amounted to $ 7.9 billion (compared with $ 12.4 billion of net attraction for the year 2008, while in November-December 2008, the outflow for this item was $ 1.4 billion) ... The debt transactions of public administration sector deficit stood at $ 1.2 billion ", - stated in the note.
At the same time, the National Bank notes the improvement in liquidity conditions in global financial system in December, the low levels of repayment of external obligations, and some renewed confidence in the domestic borrowers as a result of stabilization of the Ukrainian financial market and rising prices in world commodity markets.
Net outsourcing of the banking sector in December 2009 totaled $ 165 million, whereas in the previous month volume of redemptions in the main attraction of excess volumes.
but is particularly active in December, according to the NBU, the company"s resources have attracted the debt of the real sector of the economy, thereby bringing its net totaled $ 467 million net external sector to attract public administration in December totaled $ 44 million
Regarding direct investments, the note stated that they remain at low levels.
"In December 2009, in the absence of significant amounts of income for capitalization of the banking system, net inflows of foreign direct investment (FDI) amounted to only $ 120 million, which is one of the lowest values during 2009," - said the NBU.
In general, the surplus balance of FDI in 2009 dropped to $ 4.463 billion from $ 9.903 billion up to 2008.
In addition, according to the note, the increase in the volume of cash outside the banking system in 2009 totaled $ 9.61 billion, while in 2008 - $ 12.897 billion: in December it was $ 1.121 billion, while in November - $ 716 million " This is beginning to pay depositors Ukrprombank on deposits (including foreign currency), "- stated in the note on December dynamics of this indicator.
volume of outflow of fictitious transactions last year"s National Bank of Ukraine is estimated at $ 222 million, while in 2008 - $ 2.7 billion
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