The phrase "balance of payment" is correct and usable in written English.
It is generally used to refer to a country's balance of payments with other nations, and the international flow of money related to trade, investment, and other financial transactions. For example: "The country's favorable balance of payment is seen as a sign of its strong economy."
Running permanent balance of payment deficits amounts to borrowing growth from the future.
They also want to say that there are structural problems in terms of investment, balance of payment and inflation.
What's most interesting about his thinking is the way he orients his model of economic activity around balance of payment dynamics.
While Germany runs a balance of payment surplus of 7% of gross domestic product and the Netherlands even of 10%, Britain runs a deficit of 4%.
The EU incurs debt solely to provide emergency loans to sovereigns, whether they are neighbouring states (the macro-financial assistance (MFA) programme), EU non-eurozone sovereigns (balance of payment (BoP) programme), or EU MS (European Financial Stabilisation Mechanism (EFSM)).
The failure to attract sufficient capital inflows precipitated a balance of payment crisis in 1991, when the central bank had to fly 47 metric tons of gold to Europe as collateral for a loan to avert a sovereign default.
Despite the country's frequent balance-of-payment deficits, defense spending consistently constitutes a significant portion of the total budget.
As a result, outsized budget and balance-of-payment deficits do not now simply characterize the Greek, Irish and Portuguese economies.
Sao Tome and Principe is reputed to be the recipient of one of the highest amounts of foreign aid per capita in the world, but this has not prevented large budgetary and balance-of-payment deficits.
Devaluing one's currency, erecting trade barriers and clamping controls on capital outflows might be effective for reducing balance-of-payment deficits, stopping the outflow of gold and pumping up government revenues," Ms. Nasar writes.
The introduction of fiat money meant that balance-of-payment goals were unnecessary to maintaining a particular monetary policy stance, since central banks no longer needed an adequate hoard of gold to pump money into the economy.
