The shortfall in Indonesia's current account increased sequentially in the fourth quarter, data released by Bank Indonesia showed Wednesday.
The current account deficit increased to $7.76 billion in the fourth quarter from $5.34 billion in the third quarter. In the fourth quarter of 2011, the balance was a deficit of $2.3 billion.
The goods trade account showed a surplus of $591 million, significantly lower than third quarter's $3.2 billion surplus. The services account, meanwhile, showed a deficit of $3.32 billion during the three-month period, higher than $2.48 billion recorded in the preceding quarter.
The deficit in the income account narrowed to $6.23 billion from $6.92 billion. The surplus balance in the current transfers account advanced to $1.19 billion in the final three months of 2012 from $861 million during the three months ended September, data showed.
The central bank said that this year it would coordinate with the Government and initiate various measures to boost capital inflows, which in turn will reduce the ratio of current account deficit to GDP and maintain investors' interest in the country.
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