BOT Unworried by Deficit: Sees Temporary Issue, Not Structural Problem

"This figure (current account deficit) depends on the development of the war in the Middle East, which we expect to improve from mid-year onwards. Therefore, this figure (current account deficit) will gradually decrease; we see it as a temporary deficit."

"Concern arises when, for example, the current account deficit persists for a long time, causing parts of the economic structure to change, such as tourism revenue or exports that used to create our current account surplus disappearing."

"We believe the current account deficit is unlikely to be long-lasting. The deficit should gradually decrease due to the de-escalation of the war (lower oil prices) and the return of tourists (service sector income). Therefore, there is not much concern here."