The shortfall in Indonesia's current account decreased significantly in the first quarter, data released by Bank Indonesia showed Wednesday.
The current account showed a deficit of $5.27 billion during the three months ended March, lower than the $7.65 billion deficit seen in the fourth quarter. In the first quarter of 2012, the balance was a deficit of $3.11 billion.
The surplus in the goods trade account increased to $1.64 billion in the first quarter from $0.8 billion in the final three months of 2012. The deficit in the services account dropped to $2.31 billion from $3.32 billion, while the shortfall in the income account decreased to $5.69 billion from $6.34 billion.
The current transfers account showed a surplus of $1.1 billion in the three months to March, compared to the $1.21 billion surplus seen in the preceding three-month period, data showed.
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