The main driving factor of this process will be a decrease in imports in the machinery sector, while export and remittance levels remain stable.
As a result, by the end of the medium-term period (2028), a reduction in the current account deficit to 12% of GDP is forecasted.
The EFSR also emphasizes that "the forecast for the reserve coverage remains unchanged (an average of 5.9 months of imports) due to the favorable price situation and active purchases of monetary gold by the National Bank."
Note:
The current account deficit implies that the country spends more foreign currency on imports of goods, services, income payments, and transfers than it receives from exports. This indicates that national expenditures exceed savings, which is often covered by loans, asset sales, or attracting foreign investments.
