Balance of Payments in January - August 2005
21.10.2005
January through August 2005, the balance-of-payments current account posted a deficit of EUR 3,248 million, up 48.6 percent year on year.
- EUR mill. -
| |
January-August 2004* |
January-August 2005* |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 16,125
| 18,310
| -2,185
| 19,926
| 23,174
| -3,248
|
| A. Goods and services
| 14,103
| 17,001
| -2,898
| 16,874
| 21,348
| -4,474
|
|---|
| a. Goods (exports fob - imports fob)
| 12,296
| 15,129
| -2,833
| 14,379
| 18,651
| -4,272
|
|---|
| b. Services
| 1,807
| 1,872
| -65
| 2,495
| 2,697
| -202
|
|---|
| - transport
| 792
| 749
| 43
| 727
| 982
| -255
|
|---|
| - tourism - travel
| 275
| 290
| -15
| 517
| 396
| 121
|
|---|
| - other
| 740
| 833
| -93
| 1,251
| 1,319
| -68
|
|---|
| B. Incomes
| 194
| 1,062
| -868
| 442
| 1,522
| -1,080
|
|---|
| C. Current transfers
| 1,828
| 247
| 1,581
| 2,610
| 304
| 2,306
|
|---|
* provisional data
Medium- and long-term external debt1,
at end-August 2005 stood at EUR 22,302 million, up 22.7 percent compared to end-2004.
Public and publicly guaranteed external debt totalled EUR 11,384 million at end-August 2005, accounting for 51 percent of medium- and long-term debt against 55.2 percent at end-2004.
Non-publicly guaranteed external debt amounted to EUR 10,019 million, 29.2 percent higher against end-2004.
Romania's medium- and long-term external debt at end-August 2005 and external debt service for January-August 2005
- EUR mill., provisional data -
| |
Medium-and long term external debt |
Debt service |
|---|
| Balance at 31/12/2004 |
Balance at 31/08/2005
| January-August 2005 |
| I. PUBLIC DEBTa) |
6,369
| 7,180
| 486
|
|---|
II. PUBLICLY GUARANTEED DEBTa),
of which:
|
3,669
| 4,204
| 566
|
|---|
| - public sector
| 3,487
| 4,032
| 550
|
|---|
| - private sectorb)
| 182
| 172
| 16
|
|---|
III. NON-PUBLICLY GUARANTEED DEBT,
of which:
|
7,757
| 10,019
| 1,290
|
|---|
| - public sector
| 383
| 527
| 31
|
|---|
| - private sectorb)
| 7,374
| 9,492
| 1,259
|
|---|
| Total external debt resulting from medium- and long-term borrowings |
17,795
| 21,403
| 2,342
|
|---|
| Medium- and long-term deposits of non-residents |
376
| 899
| 203*
|
|---|
| Total medium- and long-term external debt |
18,171
| 22,302
| 2,545
|
|---|
* 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 August 2005,
external debt service ratio2 came in at 15.1 percent versus 18.4 percent at end-2004.
At end-August 2005,
import cover3 rose to 6.6 months versus 5.2 months at end-2004.
Notes:
- External debt balance is subject to monthly revision.
- 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 imports of goods and services for the period under review.