KIEV, Jan. 29 – The deficit of Ukraine's balance of payments in 2012 came to $4.174 billion, 70% over 2011’s $2.455 billion, the National Bank of Ukraine reported.

The deficit of the balance of payment in December 2012 stood at UAH $838 million, versus $93 million in December 2011 and up by 55.5% from November 2012’s $539 million.

"In 2012, the deficit of the consolidated balance of payments totaled $4.2 billion [$2.5 billion in 2011]. The deficit of the current account in 2012 expanded to $14.4 billion or 8% of GDP [in 2011 $10.2 billion or 6.2% of GDP]. The main reason of this was the increase in the deficit of the balance of trade with goods to $20.5 billion compared to $16.3 billion in 2011," reads the report.