text: Recurrent revenues Recurrent expenditure Current account balance Investment expenditure Budgetary balance Balance of extra-budgetary opera t ions Overall balance644.4 51s.8 128.6 338.4 -209.8 -48 .8 -258.6577 .4 590.5 -53.1 755.0 -808. r ?9 .8 -728.3518.2 764.6 -246.4 323 .1 -569.5 -227.8 -797.3654 .9 92I.0 -256. r 785.0 -l 051.0 -115 . 0-1 166.0 Source: Government of Sao Tome and Principe. a/ Provisional. 4. Balance of pavments 222. Cocoa accounted for 80 to 90 per cent of export earnings in recent years. Secondary export crops are coprar palm kernels and coffee. The pattern of imports reflects the structural weakness of the economy with consumer goods, basically food, accounting for more than half of all imports. Oil imports also represent a significant cost. 223. The balance of payments has been characterized by a persistent trade deficit and net outflow on services (mainly due to transport charges) that is covered for the most part by short-term capital rnovements. There lras a significant improvement in the trade balance in 1983 and 1984 in comparison with L982, achieved throuqh drastic measures to reduce imports. This has serious implications for the economy, given its reliance on imports not only for food but also for inputs necessary to development. Of egual concern is the heavy reli.ance on short-term capital movements to finance the deficit and the implication this has for debt-service obligations.A/40 / 44L English Paqe 78 Table 32 Sao Tome and Principe: balance of payments, 1980-1984 (Millions of dobras) 1980 r98l 198 2 t98 3 1984 Exports(of nhich cocoa) Inports Trade balance Services (net) (of which transport) Private transfers (net) Official transfers (net) Current account balance Capital (net) a/(of which medium and long term) OveraII balance Change in reserves590. 5 (ss0.7) -5 38. 3 52.2 -l 52.0 F269.Ol 16. s -10.9 -94 .4 -335.4 (5.8) -429.8 -429.8276.4
analysis: The text appears to be discussing the economy of Sao Tome and Principe, specifically the balance of payments, trade deficit, and reliance on imports. The data presented includes information on exports, imports, trade balance, services, and capital movements. This suggests that the text is focused on economic development and international trade.