Current account balance deficit narrows to EUR 4.3mn in October

The Bank of Lithuania has published the balance of payments for October 2022, which shows that although, compared to September, the deficit on the current account balance (CAB) narrowed significantly from EUR 276.2 million to EUR 4.6 million in October, the CAB remained in deficit.

The decrease in the deficit was mainly determined by the primary income balance (EUR 191.7 million) which turned to surplus due to agricultural subsidies from the European Union (EU), the central bank said.