Net errors and omissions

Net errors and omissions

In balance of payments accounting, net errors and omissions record the statistical discrepancies that arise in gathering balance of payments data.

Net Errors and Omissions

When accounting a country's balance of payments, the calculation of statistical inaccuracies that were made in the collection of data.
References in periodicals archive ?
Between January and May, net errors and omissions remained the biggest source of financing that helped shrink the current account gap.
Also, the net errors and omissions item, which shows exchange flow whose source is undetermined, reached $4.
The statistical discrepancy recorded for the international transactions account is the net errors and omissions in all the components.
Net errors and omissions -- often taken as a signal of capital flight -- were positive (i.
However, the opposition Republican People's Party (CHP) was skeptical in its appraisal of Turkey's net errors and omissions figures, noting that in a report released in March 2014, $2.