Skip to main content

July 1975

Balance-of-Payments Concepts—What Do They Really Mean?

by Donald S. Kemp

The Advisory Committee on Balance-of-Payments Statistics Presentation of the Office of Management and Budget is currently holding meetings on the usefulness of current balance-of-payments concepts. The Committee is interested in hearing suggestions regarding ways in which international data may be presented in a more useful format. These hearings reflect a growing concern in government, academia, and the business community over the meaning of balance-of-payments data as currently reported.