CBR lowers current account surplus estimate for 2012 to $74.8 bln
MOSCOW. April 2 (Interfax) - The Central Bank of Russia has lowered its estimate for the country's current account surplus in 2012 by $6.5 billion to $74.8 billion from the previous estimate of $81.3 billion published at the beginning of 2013, balance of payments data for 2012 posted on the CBR's website show.
The foreign trade surplus estimate for 2012 has been revised down to $193.3 billion from $195.4 billion.
The deficit in services was $46.2 billion, up from the previous estimate of $44.8 billion; the deficit on payment of wages was $11.8 billion, down from $12.3 billion; the investment income account deficit was $55.5 billion, up from $53.4 billion; and the secondary income account deficit was $6.1 billion, up from $4.7 billion.
The capital account deficit was $5.3 billion in 2012, up from the previous estimate of $5.1 billion.
Russia's financial account deficit, not including reserve assets, was $30.3 billion in 2012, rather than the previously estimated $35.8 billion. Net incurrence of liabilities amounted to $89.5 billion, rather than $80.4 billion as estimated earlier, and net acquisition of assets amounted to $119.8 billion, rather than $116.2 billion.
Russian residents' (nonbanking sector) investments in cash foreign currency increased by $1.4 billion in 2012, rather than by $2.5 billion as the CBR estimated at the start of the year.
Net errors and omissions have been revised down to $9.2 billion from $10.4 billion.