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The more stuff we fail to make and instead buy from overseas, the bigger our balance of payment deficit grows.
"While the overall international debt is not so alarming as a proportion of the G.D.P., India needs a lot of capital flows to cover up its balance of payment deficit".
The second point is that, for a long period of time, we've ignored our balance of payment deficit.
It is American corporations that fuel the balance of payment deficit.
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Running permanent balance of payment deficits amounts to borrowing growth from the future.
Countries with payment deficits could borrow from the fund, while those with surpluses would lend.
It is subsidising the balance of payments deficit.
The focus on the budget deficit has diverted attention from a growing balance of payments deficit.
He was referring to the financing of our vast current balance of payments deficit.
Despite a mounting balance-of-payments deficit and inflation, the peso held steady.
We have the biggest balance of payments deficit I've seen in my career.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com