current account (redirected fromCurrent account deficit) Thesaurus Legal Financial Acronyms Encyclopedia Related to Current account deficit:Capital account deficit,Fiscal Deficit current account n. The component of a nation's balance of payments that includes the price of imports and exports, investment ...
b.(as modifier):a current-account deficit. Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014 current account The part of the balance of payments composed of the balance of trade ...
Current account deficit falls to $7bn: Hafeez Shaikh Part of the order aims to ensure that current account customers should receive an alert about unarranged overdraft charges before they incur them. Bank repays PS1.4m in overdraft charges; CUSTOMERS DIDN'T RECEIVE WARNINGS The Philippines' curr...
If, however, the capital account does not balance out the current account, then a current account surplus contributes to a balance of payments surplus.« current account deficit | current GDP »Permalink: https://glossary.econguru.com/economic-term/current+account+surplus...
Related to deficit:Current account deficit Deficit An excess ofliabilitiesoverassets, of losses overprofits, or of expenditure over income. Copyright © 2012,Campbell R. Harvey. All Rights Reserved. A situation in whichoutflowofmoneyexceeds inflow. That is, a deficit occurs when a government, ...
decided to launch social security schemes for the affected. Through the schemes, the government planned to spend$350billion on the beneficiary’s scheme. However, the current financial cycle expenditure exceeded the revenue, including collecting taxes. This resulted in a state of Budget Deficit. ...
Double deficit (economics) Definition An economy is deemed to have a double deficit if it has a current account deficit and a fiscal deficit. In effect, the economy is giving claims on domestic assets to foreigners in exchange for foreign-made goods. Traditional macroeconomics predicts that persis...
Devaluation is a deliberate decision by a government or central bank to reduce the value of its own currency in relation to the currencies of other countries. Governments often opt for devaluation when there is a large current account deficit, which may occur when a country is importing far mor...
The current account records a nation's transactions with the rest of the world—specifically its net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments—over a defined period, such as a year or a quarter. Thecurrent account deficitof the...
if a country imports $3 billion in goods but only exports $2 billion worth, then it has a trade deficit of $1 billion for that year. In effect, more money is leaving the country than is coming in, which can cause a drop in the value of its currency as well ...