Jakarta (Antara Bali) - Finance Minister Chatib Basri said the surplus in the country's trade balance in Nov. 2013 was expected to lead to narrowing the current account deficit until the end of that year.

The country's foreign trade had  a surplus of US$776.8  million in November 2013 , although deficit of US$.56 billion was still recorded in the first 11 months of that year.

A slight surplus of US$24.3 million was already recorded in October after deficits in most of the previous months
   
More surplus is expected in December that the  current account deficit could be reduced by the end of the year, Chatib said here on Thursday.

"If the service account was unchanged,  and surplus continued in the last three months of 2013,  the current account deficit  in the last quarter of 2013 would be smaller," Chatib said.

He said the surplus in November was higher than expected of US$600 million. He said export began to pick up in line with the improved condition of the US economy  and slow down in imports.

"In August surplus was recorded but in September there was a deficit  again," he said, adding the trend is improving with surplus widening in November. (*/DWA)


: Dewa Sudiarta Wiguna

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