Balance of Payments in January - April 2006
22.06.2006
January through April 2006, the balance-of-payments current account posted a deficit of EUR 2,486 million, up 57.2 percent against the same year-ago period, largely due to a wider trade deficit.
- EUR million -
| |
1/01/-30/04/2005* |
1/01-30/04/2006** |
| CREDIT
| DEBIT
| NET
| CREDIT
| DEBIT
| NET |
| CURRENT ACCOUNT (A+B+C)
| 9,478
| 11,059
| -1,581
| 11,213
| 13,699
| -2,486
|
| A. Goods and services
| 7,972
| 9,782
| -1,810
| 9,618
| 12,136
| -2,518
|
|---|
| a. Goods (exports fob - imports fob)
| 6,890
| 8,513
| -1,623
| 8,077
| 10,603
| -2,526
|
|---|
| b. Services
| 1,082
| 1,269
| -187
| 1,541
| 1,533
| 8
|
|---|
| - transport
| 333
| 436
| -103
| 459
| 549
| -90
|
|---|
| - tourism - travel
| 181
| 167
| 14
| 227
| 228
| -1
|
|---|
| - other
| 568
| 666
| -98
| 855
| 756
| 99
|
|---|
| B. Incomes
| 317
| 1,112
| -795
| 478
| 1,320
| -842
|
|---|
| C. Current transfers
| 1,189
| 165
| 1,024
| 1,117
| 243
| 874
|
|---|
* rectified data
** provisional data
Some 91 percent of the current account deficit were covered from inflows of foreign direct investment amounting to EUR 2.3 billion, compared with EUR 1 billion January through April 2005.
Medium- and long-term external debt1
at end-April 2006 stood at EUR 24,502 million, down 0.2 percent against end-2005.
Public and publicly guaranteed external debt at end-April 2006 totalled EUR 10,976 million, accounting for 44.8 percent of medium- and long-term debt, compared with 45.9 percent at end-2005.
Non-publicly guaranteed external debt came in at EUR 12,691 million, up 2.9 percent from end-2005.
Romania's medium- and long-term external debt at end-April 2006
and external debt service in January through April 2006
- EUR million -
| |
Medium - and long-term external debt |
External debt service |
|---|
| Balance at 31/12/2005* |
Balance at 30/04/2006** |
1/01-30/04/2006** |
| I. PUBLIC DEBTa) |
6,935
| 6,819
| 180
|
|---|
II. PUBLICLY GUARANTEED DEBTa),
of which:
|
4,345
| 4,157
| 231
|
|---|
| - public sector
| 4,133
| 3,963
| 215
|
|---|
| - private sectorb)
| 212
| 194
| 16
|
|---|
III. NON-PUBLICLY GUARANTEED DEBT,
of which:
|
12,327
| 12,691
| 1,053
|
|---|
| - public sector
| 560
| 544
| 19
|
|---|
| - private sectorb)
| 11,767
| 12,147
| 1,034
|
|---|
| Total external debt resulting from medium- and long-term loans |
23,607
| 23,667
| 1,464
|
|---|
| Medium- and long-term deposits of non-residents |
949
| 835
| 139***
|
|---|
| Total medium- and long-term external debt |
24,556
| 24,502
| 1,603
|
|---|
* rectified data
** provisional data
*** 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 April 2006, medium- and long-term external debt service ratio2 ran at 16.7 percent, compared to 18.2 percent in 2005.
At end-April 2006,
import cover3 rose to 6.6 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.