11. The deficit reflected a larger import bill exacerbated by a slump in exports. 12. The public deficit reflects state accounts along with those of local administrations and the state-subsidized health insurance scheme known as social security. 13. The bank said the widening deficit reflected sharp drops in exports of heavy industrial products and chemicals as well as a persistent invisible trade deficit. 14. The finance said the current-account deficit reflected the continued decline in the trade surplus along with significant rises in the services deficit. 15. The ministry said the current-account deficit reflected the continued decline in the trade surplus along with significant rises in the services deficit. 16. The narrower deficit in August reflected a larger increase in exports compared to the increase in imports, the Commerce Department said. |