
Goods
17474
18079
-605
Exportof goods (FOB)
63310
49753
13557
Importof goods (FOB)
-45836
-31674
-14162
Services
-3697
-3356
-341
Export ofservices
7219
5959
1260
Import ofservices
-10916
-9315
-1601
Incomes frominvestments and labor payment
-3400
-3467
67
Received
3747
3378
369
Paid
-7146
-6844
-302
Laborpayment
-501
-211
-290
Received
81
81
0
Paid
-582
-292
-290
Incomes frominvestments
-2899
-3256
357
Received
3665
3296
369
Paid
-6564
-6552
-12
Currenttransfers
-135
-167
32
Received
247
210
37
Paid
-382
-377
-5
Account oftransactions with capital and financial instruments
-3046
-2545
-501
Account oftransactions with capital
-715
-413
-302
Capitaltransfers
-715
-413
-302
Received
1439
353
1086
Paid
-2155
-767
-1388
Financialaccounts
-2330
-2131
-199
Directinvestments
1167
1166
1
abroad
-263
-245
-18
inRussia
1430
1411
19
Portfolioinvestments
2333
2264
69
Assets
57
-23
80
Liabilities
2276
2287
-11
Otherinvestments
-7224
-6955
-269
Assets
-19973
-18632
-1341
Foreign currencies incash
-7664
-7664
0
Current accounts anddeposits
468
532
-64
Trade creditsand advances
-8070
-7693
-377
Credits andloans granted
7862
7078
784
Outstanding debts
-8279
-7591
-688
Change ofindebtedness for not timely received export hard currency and Rubleincome
-1842
-1124
-718
Change ofindebtedness for not timely redeemed import advances
-2300
-2300
...
Otherassets
-148
130
-278
Liabilities
12749
11677
1072
National currency in cash
330
0
330
Currentaccounts and deposits
862
652
210
Trade credits and advances
...
...
...
Mobilized credits and loans
8221
8221
0
Outstanding debt
1963
1877
86
Otherliabilities
1373
927
446
Reserveassets
2787
2787
0
Amendments toreserve assets
-1394
-1394
0
Amendment forsettlements with CIS/outside CIS countries
-
-1477
1477
Net errors andomissions
-7198
-7069
-129
Aggregatebalance
0
0
0
The payment balance of Russia stayed stable,reflecting the tendencies formed in the foreign economic sphereevolution.
The dynamics of the export-importtransactions and the excess of the export over import of goods favored thepreservation of the positive balance for the current transactions account; itamounted to US$а10.2аbn against the US$а8.6аbn in January to September1995.
The negative balance of the services wasUS$а3.7аbn, having shown a 2‑fold drop. The export of services reduced by 1%; the import reducedby 24%. The services to the foreigners, relative to the tourist, private, andbusiness trips grew by 11%, due to the growth of the non-residents inflow. Inthe third quarter of 1996, the federal Borderguards registered a marked growthof the Chinese УshuttlesФ inflow to Russia.
As for the services import, 56% were paidfor the stay of Russian citizens abroad. However, the number of the Russiancitizens exiting Russia was almost 2‑fold lower than for the relevantperiod of 1995, mainly due to the reduction of the trips to the CIS countriesrecorded by the Federal Borderguards. As a result, the reduction of theservices import for the УTripsФ item was 29%. The construction services importreduced by 20% due to the completion of most of the construction of themilitary settlements financed by Germany.
The negative balance of the incomes frominvestments and labor payment was US$а3.4аbn; the labor payment for thenon-residents exceeded the relevant incomes of the Russian citizens abroad byUS$а0.5аbn, while the payments of Russia for the use of the mobilized foreigninvestments exceeded the payments from abroad by US$а2.9аbn.
The labor payment of the non-residents, bothofficially registered, and temporarily employed in the Russian economy wasUS$а0.6аbn for January to Septemberа1996. However, lots of the CIS residentsare employed by the informal sector of the Russian economy. According to theexperts of the Governmental Migration Service, it exceeds more than2‑fold the number ofthe officially mobilized employees. However, as of today, it seems impossibleto estimate the incomes received by this category of employees.
The diagram of the investment incomes forthe considered period envisioned the reception by Russia of US$а3.7аbn, whilethe diagram of payments showed the level of US$а6.6аbn. The main monies went tothe servicing of the both received and granted governmentalcredits.
As for the current transfers, the negativebalance of US$а0.1аbn formed due to the reduction by 60% of the humanitarianaid from abroad. Within the period under consideration it amounted toUS$а173аmn. The volume of the humanitarian and technical aid formallyregistered by the Russian State Customs Committee was much greater. However,the fact should be noted that, in order to avoid the custom duties, thetobaccos and alcohols were imported in Russia as humanitarian aid. In April toSeptember 1996, the supplies of such goods amounted to 50% of the aidgranted.
The second item for the account oftransactions with capital is formed by the Уtransfers relative to the migrationof the populationФ, reflecting the aggregate cost estimate of the flows of theproperty, financial assets and liabilities accompanying the migration to andout of Russia. The migrations between Russian and the CIS countries was themost important. The number of the persons having come to Russia in the firstnine months of 1996 exceeds 2‑fold the number of the persons having left Russia, while the costestimate of the resources exported from Russia by the migrants (overUS$а2.1аbn) exceeds the relevant cost estimate for the assets received byRussia (US$а1.1аbn).
In whole, the negative balance for theaccount of transactions with capital amounts to US$а0.7аbn; this means therelevant reduction of the Russian national wealth.
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