Balance of Payments in January - July 2003
29.09.2003
At end-July 2003, the balance-of-payments current account showed a deficit of EUR 1,386 million, up 30.1 percent against the first seven months of 2002.
- EUR million -
| |
January - July 2002 |
January - July 2003 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 10,903
| 11,968
| -1,065
| 11,666
| 13,052
| -1,386
|
| A. Goods and services
| 9,673
| 11,235
| -1,562
| 10,444
| 12,291
| -1,847
|
| a. Goods (exports fob - imports fob)
| 8,290
| 9,857
| -1,567
| 8,993
| 10,830
| -1,837
|
| b. Services
| 1,383
| 1,378
| 5
| 1,451
| 1,461
| -10
|
| - transport
| 569
| 497
| 72
| 592
| 548
| 44
|
| - tourism
| 188
| 212
| -24
| 198
| 225
| -27
|
| - other services
| 626
| 669
| -43
| 661
| 688
| -27
|
| B. Incomes
| 220
| 591
| -371
| 179
| 591
| -412
|
| C. Current transfers
| 1,010
| 142
| 868
| 1,043
| 170
| 837 |
Medium- and long-term external debt moved up 2.9 percent versus December 2002 and totalled EUR 15,043 million at end-July 2003.
Public and publicly guaranteed external debt amounted to EUR 9,726 million at end-July 2003, accounting for 64.7 percent of the medium- and long-term debt against 62.8 percent at end-2002. External private debt ran at EUR 5,317 million, down 2.2 percent from end-2002.
Romania's medium- and long-term debt at end-July 2003 (provisional data)
- EUR million -
| Type of debt |
Balance at 31.12.2002 |
Balance at 30.07.2003 |
Debt service 1.01-31.07.2003 |
| I. Public debt |
6,039
| 6,617
| 424
|
| II. Publicly guaranteed debt |
3,140
| 3,109
| 544
|
| III. Private debt |
5,438
| 5,317
| 669
|
| TOTAL EXTERNAL DEBT |
14,617
| 15,043
| 1,637 |
Medium- and long-term external debt service ratio came in at 18.3 percent at end-June 2003, against 21.4 percent at end-2002.
At end-July 2003, import cover was 4.2 months compared with 3.8 months at end-June 2003, thus reverting to the level recorded at end-2002.