Balance of Payments in January - July 2006
22.09.2006
January through July 2006, the balance-of-payments current account posted a deficit of EUR 4,878 million, up 43 percent against the same year-ago period, largely due to a wider trade deficit.
- EUR million -
| |
1/01-31/07/2005* |
1/01-31/07/2006** |
| CREDIT
| DEBIT
| NET
| CREDIT
| DEBIT
| NET |
| CURRENT ACCOUNT (A+B+C)
| 17,546
| 20,958
| -3,412
| 21,245
| 26,123
| -4,878
|
| A. Goods and services
| 14,733
| 18,503
| -3,770
| 18,067
| 23,153
| -5,086
|
|---|
| a. Goods (exports fob - imports fob)
| 12,531
| 16,172
| -3,641
| 14,885
| 20,235
| -5,350
|
|---|
| b. Services
| 2,202
| 2,331
| -129
| 3,182
| 2,918
| 264
|
|---|
| - transport
| 649
| 846
| -197
| 891
| 1,028
| -137
|
|---|
| - tourism - travel
| 414
| 342
| 72
| 488
| 479
| 9
|
|---|
| - other
| 1,139
| 1,143
| -4
| 1,803
| 1,411
| 392
|
|---|
| B. Incomes
| 643
| 2,191
| -1,548
| 928
| 2,577
| -1,649
|
|---|
| C. Current transfers
| 2,170
| 264
| 1,906
| 2,250
| 393
| 1,857
|
|---|
* rectified data
** provisional data
Some 82.2 percent of the current account deficit were covered by inflows from foreign direct investment worth EUR 4 billion in the first seven months of 2006, compared with EUR 2.7 billion January through July 2005.
Medium- and long-term external debt1
at end-July 2006 amounted to EUR 25,714 million, up 4.6 percent against end-2005.
Public and publicly guaranteed external debt at end-July 2006 totalled EUR 10,963 million, accounting for 42.6 percent of medium- and long-term debt, compared with 45.9 percent at end-2005.
Non-publicly guaranteed external debt at end-July 2006 came in at EUR 13,915 million, rising 12.6 percent from end-2005.
Romania's medium- and long-term external debt at end-July 2006 and external debt service January through July 2006
- EUR million -
| |
Medium - and long-term external debt |
External debt service |
|---|
| Balance at 31/12/2005r |
Balance at 31/07/2006p |
1/01-31/07/2006p |
| 1. PUBLIC DEBTa) |
6,935
| 6,857
| 473
|
|---|
2. PUBLICLY GUARANTEED DEBTa),
of which:
|
4,348
| 4,106
| 378
|
|---|
| - public sector
| 4,136
| 3,913
| 362
|
|---|
| - private sectorb)
| 212
| 193
| 16
|
|---|
3. NON-PUBLICLY GUARANTEED DEBT,
of which:
|
12,358
| 13,915
| 1,863
|
|---|
| - public sector
| 559
| 567
| 43
|
|---|
| - private sectorb)
| 11,799
| 13,348
| 1,820
|
|---|
| 4. External debt (1+2+3) (loans, borrowings and the like) |
23,641
| 24,878
| 2,714
|
|---|
| 5. Medium- and long-term deposits of non-residents |
949
| 836
| 198e
|
|---|
| Total external debt (4+5) |
24,590
| 25,714
| 2,912
|
|---|
r - rectified data
p - provisional data
e - estimates
a) loans taken or guaranteed by the Ministry of Public Finance in compliance with Public Debt Act
b) financial and non-financial entities with majority private capital
January through July 2006, medium- and long-term external debt service ratio2 ran at 16.1 percent, compared to 18.2 percent in 2005.
At end-July 2006,
import cover3 stood at 6 months versus 6.4 months at year end-2005.
Notes:
- External debt balance is subject to monthly revision.
- Medium- and long-term external debt service ratio is computed as a ratio of medium- and long-term external debt service to exports of goods and services.
- Import cover is computed as a ratio of official reserves of the NBR (foreign exchange + gold) at end of period to average monthly imports of goods and services for the period under review.