The deficit of Ukraine's balance of payments in November 2011 amounted to $870 million, which was 44.4% less than in October 2011, but six times more than in November 2010, according to a statement posted on the Web site of the National Bank of Ukraine (NBU) on Wednesday.
In January-November 2011, the deficit of the country’s balance of payments reached $2.357 billion, compared with a surplus of $5.712 billion in the same period of 2010.
The current account deficit in November 2011 rose to $1.616 billion from $1.471 billion in October 2011, whereas in the first 11 months of 2011, it reached $8.746 billion, which was 4.1 times more than in the same period in 2010.
At the same time, the account of transactions with capital and financial transactions, which saw a deficit of $96 million in October 2011 and $1.032 billion in September 2011, posted a surplus of $746 million in November 2011.
Such a result was triggered by a sharp rise in debt on short-term loans: $1.047 billion against $187 million in October 2011. Capital inflow on medium- and long-term loans and bonds in November 2011 amounted to $517 million, whereas outflow of $171 million was reported a month earlier.
In the first 11 months of 2011, these figures considerably fell compared to the same period in 2010: on short-term loans by 1.7 times and on medium- and long-term loans by 8.4 times.
According to NBU statistics, the situation with foreign direct investment worsened in November 2011, as their inflow shrank to $148 million from $285 million in October 2011 and $732 million in September 2011.
