- the current account balance (CAB) turned from surplus to deficit, compared to October, and amounted to €5.0 million. The CAB deficit was mainly determined by the primary income balance which had turned from surplus to deficit and a significant decrease in the surplus balance of services (see Chart 1). With a fall in exports of services by 13.9% and a rise in imports by 3.1%, the surplus on the balance of services plunged 36.5%, amounting to €484.5 million. With a decline in exports and imports of goods (by 4.3% and 4.9% respectively), the foreign trade deficit went down by 9.2%, amounting to €385.6 million. The formation of the deficit on primary income balance (€132.6 million) was primarily triggered by a reduced flow of European Union (EU) subsidies to Lithuania;
- the surplus secondary income balance totalled €28.7 million. Transfers from EU support funds declined by 9.6% and amounted to €66.9 million, whereas Lithuania’s calculated contributions to the EU budget remained unchanged at €44.4 million. Personal transfers from abroad and from Lithuania went up by 36.5% and 56.8% respectively, to stand at €79.1 million and €66.8 million respectively;
- the negative net flow of financial account investment (€14.6 million) was driven by the negative net flow of direct investment (€109.9 million) and other investment (€83.1 million).
