WELLINGTON: The Fiji Bureau of Statistics noted a decrease in the current account balance for Fiji whereby the net outflow stood at $65.1million for the June quarter last year.
According to the bureau, the net outflow was $151.9m a year earlier. The bureau noted a decrease in net goods deficit by $4.9m, which was from $441.1m to $436.2m and this was largely because of a decrease in imports of mineral fuel.
It also recorded an increase in net surplus from $270.9m to $342.1m as a result of an increase in earnings from tourism. Fiji’s net primary income deficit decreased by $7.1m from $103.8m to $96.7m as a result of an increase in personal receipts. An increase was also recorded in Fiji’s net secondary income surplus whereby it increased from $122.1m to $125.7m.
According to the bureau, capital account tracks the flow of aid and grants either in cash or kind for capital development and equipment purchase. The bureau also noted that the capital account recorded a net inflow of $1.8m in the June quarter last year.