VaALIAN BALANCE OF PAYMENTS IN DEFICIT IN MAY Italy's overall balance of payments showed a deficit of 3,211 billion lire in May compared with a surplus of 2,040 billion in April, provisional Bank of Italy figures show. The May deficit compares with a surplus of 1,555 billion lire in the corresponding month of 1986. For the first five months of 1987, the overall balance of payments showed a surplus of 299 billion lire against a deficit of 2,854 billion in the corresponding 1986 period.