TABLE-Kazakh 2003 C/A deficit narrows to $69 mln

/REUTERS, Almaty, April 2, 04/ - Kazakhstan's current account deficit shrank to $68.82 million last year from a gap of $865.82 million in 2002, the central bank said on Friday. The bank's statement on its website www.nationalbank.kz gave the following data for the Central Asian state's balance of payments (in million dollars): ---------------------------------------------------------- 2003 2002 ------------------------------------ --------- --------- Current account -68.82 -865.82 Foreign trade balance +4,088.18 +2,300.60 Balance of services -2,251.44 -2,152.78 Income balance -1,740.88 -1,127.38 Balance of current transfers -164.67 +113.74 Capital account -28.79 -119.80 Financial account +2,728.92 +1,364.98 Foreign direct investments (net) +2,188.07 +2,163.45 Portfolio investments -1,860.95 -1,246.74 Derivatives +15.85 0.00 Other medium-, long-term investments +2,111.90 +763.12 Other short-term capital +274.04 -314.84 Errors and omissions -1,097.77 +155.72 ---------------------------------------------------------- [2004-04-02]