Why is the money for traveling abroad not included in the balance of payments?

Under normal circumstances, the money for traveling abroad needs to be included in the balance of payments. The balance of payments refers to all monetary receipts and payments caused by a country's foreign economic exchanges and the settlement of foreign claims and debts in a certain period of time. It reflects the economic relations between the country and other countries, as well as the net value of the country's external creditor's rights.

If the money for traveling abroad is not included in the balance of payments, it may lead to an imbalance in the balance of payments and affect the country's economic stability and international image. In addition, tourism income and expenditure are also an important part of the balance of payments. If we ignore this part of revenue and expenditure, it will be difficult to accurately reflect the country's economic situation.

Therefore, when formulating the balance of payments policy, we should consider the income and expenditure of tourism to ensure the balance and stability of the national economy.