Lithuania's primary income, foreign trade deficit widens

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Lithuania's primary income, foreign trade deficit widens

The increase in deficits on primary income and foreign trade caused a widening of the deficit on the CAB during the month. The deficit on primary income went from €137.2 million to €1,697. The foreign trade deficit resulted in a decline in exports by 5.5% and a growth in imports by 2.3%, while 6 million were due to the payment of dividends by market participants to investors. The surplus on the balance of services declined by 2.5% to €440.9 million.

The secondary income balance was in surplus and amounted to €10.5 million. Transfers from EU EU EU support funds fell by 37.8%, while Lithuania's estimated contributions to the EU budget were almost the same as in May. €42.7 million personal transfers from abroad amounted to €52.5 million, an increase of 1.3% compared to May. Personal transfers from Lithuania were up to €30.2 million, a decrease of 3.3%.

The net flow of financial account investment was €1,216. The negative flow of net direct investment resulting from the payment of debt instruments was not offset by a positive net portfolio investments flow from the issue of the long-term Eurobond and the acquisition of securities by MFIs, which was the main reason for 5 million dollars of net direct investment.