Balance of Payments in January - March 2003
27.05.2003
At end-March 2003, the balance-of-payments current account showed a deficit of USD 170 million, down 31.2 percent from the same year-ago period.
- USD million -
| |
January - March 2002 |
January - March 2003 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 3,747
| 3,994
| -247
| 5,186
| 5,356
| -170
|
| A. Goods and services
| 3,334
| 3,822
| -488
| 4,666
| 5,105
| -439
|
|---|
| a. Goods (exports fob - imports fob)
| 2,897
| 3,365
| -468
| 4,039
| 4,485
| -446
|
|---|
| b. Services
| 437
| 457
| -20
| 627
| 620
| 7
|
|---|
| - transport
| 196
| 175
| 21
| 268
| 236
| 32
|
|---|
| - tourism
| 60
| 73
| -13
| 78
| 87
| -9
|
|---|
| - other services
| 181
| 209
| -28
| 281
| 297
| -16
|
|---|
| B. Incomes
| 78
| 136
| -58
| 90
| 169
| -79
|
|---|
| C. Current transfers
| 335
| 36
| 299
| 430
| 82
| 348
|
|---|
Medium- and long-term external debt added 2.8 percent versus December 2002 and totalled USD 15,683 million at end-March 2003.
Public and publicly guaranteed external debt amounted to USD 9,739 million at end-March 2003, accounting for 62.1 percent of the medium- and long-term debt (against 62.6 percent at end-December 2002). In March 2003, external private debt increased by 4.3 percent to USD 5,945 million.
Romania's medium- and long-term debt at end-March 2003 (provisional data)
- USD million -
| Type of debt |
Balance at 31.12.2002 |
Balance at 31.03.2003 |
Debt service 1.01-31.03.2003 |
|---|
| I. Public debt |
6,293
| 6,421
| 118
|
|---|
| II. Publicly guaranteed debt |
3,258
| 3,317
| 267
|
|---|
| III. Private debt |
5,700
| 5,945
| 161
|
|---|
| Total external debt |
15,251
| 15,683
| 546
|
|---|
Medium- and long-term debt service ratio ran at 15.3 percent at end-March 2003, against 21.6 percent at end-2002.
Import cover dropped from 4.7 months at end-2002 to 4.4 months at end-March 2003.