Balance of Payments in January - April 2005
24.06.2005
January through April 2005, the balance-of-payments current account exhibited a deficit of EUR 1,391 million, widening by 77.2 percent over the same year-earlier period.
- EUR mill. -
| |
January - April 2004* |
January - April 2005* |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 7,556
| 8,341
| -785
| 9,185
| 10,576
| -1,391
|
| A. Goods and services
| 6,661
| 7,734
| -1,073
| 7,942
| 9,754
| -1,812
|
|---|
| a. Goods (exports fob - imports fob)
| 5,823
| 6,900
| -1,077
| 6,881
| 8,483
| -1,602
|
|---|
| b. Services
| 838
| 834
| 4
| 1,061
| 1,271
| -210
|
|---|
| - transport
| 383
| 347
| 36
| 332
| 440
| -108
|
|---|
| - tourism - travel
| 123
| 132
| -9
| 180
| 160
| 20
|
|---|
| - other
| 332
| 355
| -23
| 549
| 671
| -122
|
|---|
| B. Incomes
| 95
| 479
| -384
| 184
| 660
| -476
|
|---|
| C. Current transfers
| 800
| 128
| 672
| 1,059
| 162
| 897
|
|---|
* provisional data
Medium- and long-term external debt1,
at end-April 2005 rose 14.2 percent from end-December 2004 to EUR 20,700 million.
Public and publicly guaranteed external debt came in at EUR 10,659 million at end-April 2005, accounting for 51.5 percent of medium- and long-term external debt, compared with 55.4 percent at end-December 2004.
Non-publicly guaranteed external debt equalled EUR 9,085 million at end-April 2005, up 17.9 percent from end-December 2004.
Romania's medium- and long-term external debt at end-April and
external debt service January - April 2005
- EUR mill., provisional data -
| |
Medium- and long-term external debt |
External debt service |
|---|
| Balance as of 31.12.2004 |
Balance as of 30.04.2005
| January - April 2005 |
| I. PUBLIC DEBTa) |
6,369
| 6,615
| 143
|
|---|
II. PUBLICLY GUARANTEED DEBTa),
of which: |
3,669
| 4,044
| 234
|
|---|
| - public sector
| 3,487
| 3,871
| 221
|
|---|
| - private sectorb)
| 182
| 173
| 13
|
|---|
III. NON-PUBLICLY GUARANTEED DEBT
of which:
|
7,705
| 9,085
| 671
|
|---|
| - public sector
| 381
| 414
| 17
|
|---|
| - private sectorb)
| 7,324
| 8,671
| 654
|
|---|
| Total external debt from medium- and long-term loans |
17,743
| 19,744
| 1,048
|
|---|
| Medium- and long-term deposits of non-residentsc) |
376
| 956
| 13*
|
|---|
| Total medium- and long-term external debt |
18,119
| 20,700
| 1,061
|
|---|
* estimates
a) loans taken or guaranteed by the MoPF in compliance with Public Debt Act
b)financial and non-financial entities with majority private capital
c)the balance of medium- and long-term deposits of foreign banks with resident banks
External debt service ratio2 amounted to 35.3 percent January through April 2005, compared with 22.7 percent in 2004.
At end-April 2005,
import cover3 was 5.7 months of imports against 5.2 months of imports at end-December 2004.
Notes:
- External debt balance is subject to monthly revision.
- External debt service ratio is computed as a ratio of 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.