0 the difference between the money that a country receives from exports and the money that it spends on imports --
1 the difference between income from exports (= goods and services sold to other countries) and the cost of imports (= goods and services bought from other countries) --
2 the difference between the amount of money a country receives from exports, foreign trade, etc. and the amount it spends on imports, etc. from other countries: --
The government was forced to introduce some changes in order to receive the necessary balance of payments support.
But excluding the balance of payments for the reasons discussed above.
The revolutionary government began with a highly ambitious import substitution development strategy that quickly produced an unsustainable balance of payments deficit.
Their commitment to social and economic reforms blinded them to real economic constraints (especially inflation and disequilibrium in the balance of payments) threatened growth.
Protection of the balance of payments was no longer acknowledged as the primary objective of policy.
It is given here as the sum of equity capital, reinvestment of earnings, other long-term and short-term capital as shown in the balance of payments.
It seems reasonable to expect that public spending moves in the same direction as balance of payments in an export-oriented economy.
Furthermore, the balance of payments issue becomes moot when monetary policy pertains to the entire union rather than to the individual nation.
