Madrid, March 31 (EFE) .- The Spanish balance of payments current account recorded a deficit in January of 700 million euros (791 million dollars at current exchange rates), which means 75 percent more than in the same month of 2015, according to data released today by the Bank of Spain.
the negative trend in the balance of payments, which measures transactions in goods, services, income and transfers from Spain to the outside , explained by the lower surplus of goods and services. Only the balance in tourism and travel fell by 4 percent year on year.
In particular, payments of goods and services amounted to six hundred million, compared billion a year ago.
in this section, tourism and travel totaled 2.000 million, a hundred million less than in January 2015.
the balance of primary and secondary income, which includes income from work, investment and current transfers, remained at a similar level to the same period last year, with a deficit of 1,300 million euros. EFE
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