balance of payments
US /ˈbæl.əns əv ˈpeɪ.mənts/
UK /ˈbæl.əns əv ˈpeɪ.mənts/
1.
the difference between the amount of money that a country pays to other countries and the amount that it receives from them
:
•
The country is trying to improve its balance of payments by increasing exports.
•
A persistent deficit in the balance of payments can lead to economic instability.