Maintaining the balance of payments is one of the goals of managers in various countries. A long-term surplus or deficit is not conducive to economic balance and resource allocation.

The possible negative effects of the deficit: 1, consuming foreign exchange reserves, weakening its ability to pay abroad, devaluing its local currency, declining its international status, and short-term capital flight, affecting its international reputation.

2. Domestic monetary tightening, rising interest rates, rising unemployment rate, declining national income and declining economic growth. ?

The possible negative effect of the surplus: 1, will increase the domestic money supply, thus aggravating inflation.

Generally, it will make the exchange rate of domestic currency rise, which is not conducive to the development of its export trade and has a negative impact on its economic growth?

3. The trade surplus caused by excessive export means the reduction of domestic available resources, which is not conducive to the sustainable development of domestic economy.

4. It will aggravate international friction, because a country's balance of payments surplus means its balance of payments deficit.