Ramallah – “Jerusalem” dot com – The latest surveys of the Central Bureau of Statistics and the Monetary Authority, the results of which were released today, Monday, showed the continuation of the current deficit in the Palestinian balance of payments of $604 million in the third quarter of 2022.

Statistics and "criticism" attributed the continuation of this deficit in the current account to the deficit in the merchandise trade balance amounting to 2,113 million US dollars, in addition to the deficit in the services balance, which amounted to 352 million US dollars.

On the other hand, the income account (compensations of workers and investment income) recorded a surplus of $1,093 million during the third quarter of 2022.

Compensation of workers in Israel amounting to $1,063 million was the main reason for the surplus in the income account. While investment income received from abroad amounted to $74 million, it mainly resulted from income received on portfolio investments abroad, in addition to interest received on Palestinian deposits in foreign banks.

Net current transfers also recorded a surplus amounting to $768 million. Current transfers to the government sector accounted for 29% of the total current transfers from abroad, while current transfers to other sectors accounted for 71%.

It is worth noting that donor countries' transfers accounted for only about 25% of the total current transfers from abroad.

Preliminary results of the balance of payments indicated a surplus in the capital and financial account amounting to $407 million, as a result of the surplus in the financial account amounting to $294 million.

On the other hand, the reserve assets of the Monetary Authority recorded an increase of $175 million during this quarter, compared to a decrease of $34 million in the previous quarter.