Balance of Payments in January - August 2003
28.10.2003
At end-August 2003, the balance-of-payments current account showed a deficit of EUR 1,395 million, up 48.1 percent against the first eight months of the previous year.
- EUR million -
| |
January - August 2002 |
January - August 2003 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 12,608
| 13,550
| -942
| 13,363
| 14,758
| -1,395
|
| A. Goods and services
| 11,143
| 12,729
| -1,586
| 11,928
| 13,925
| -1,997
|
| a. Goods (exports fob - imports fob)
| 9,512
| 11,147
| -1,635
| 10,225
| 12,242
| -2,017
|
| b. Services
| 1,631
| 1,582
| 49
| 1,703
| 1,683
| 20
|
| - transport
| 675
| 563
| 112
| 681
| 620
| 61
|
| - tourism
| 229
| 261
| -32
| 249
| 283
| -34
|
| - other services
| 727
| 758
| -31
| 773
| 780
| -7
|
| B. Incomes
| 257
| 667
| -410
| 200
| 640
| -440
|
| C. Current transfers
| 1,208
| 154
| 1,054
| 1,235
| 193
| 1,042 |
Medium- and long-term external debt picked up 6.9 percent versus December 2002 and totalled EUR 15,613 million at end-August 2003.
Public and publicly guaranteed external debt amounted to EUR 10,012 million at end-August 2003, accounting for 64.1 percent of the medium- and long-term debt against 62.8 percent at end-2002. External private debt ran at EUR 5,601 million, up 3.1 percent from end-2002.
Romania's medium- and long-term debt at end-August 2003 (provisional data)
- EUR million -
| Type of debt |
Balance at 31.12.2002 |
Balance at 31.08.2003 |
Debt service 1.01-31.08.2003 |
| I. Public debt |
6,039
| 6,782
| 453
|
| II. Publicly guaranteed debt |
3,140
| 3,230
| 611
|
| III. Private debt |
5,432
| 5,601
| 719
|
| TOTAL EXTERNAL DEBT |
14,611
| 15,613
| 1,783 |
External debt service ratio came in at 17.4 percent at end-August 2003, against 23.6 percent at end-2002.
At end-August 2003, import cover was 4.5 months compared with 4.2 months at end-August 2003, thus reverting to the level recorded at end-2002.