Balance of Payments in January - February 2003
24.04.2003
At end-February 2003, the balance of payments current account showed a deficit of USD 15 million, down 81.7 percent from the same year-ago period.
- USD million -
| |
January - February 2002 |
January - February 2003 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 2,460
| 2,638
| -178
| 3,329
| 3,401
| -72
|
| A. Goods and services
| 2,171
| 2,527
| -356
| 3,025
| 3,235
| -210
|
|---|
| a. Goods (exports fob - imports fob)
| 1,871
| 2,192
| -321
| 2,595
| 2,835
| -240
|
|---|
| b. Services
| 300
| 335
| -35
| 430
| 400
| 30
|
|---|
| - transport
| 121
| 115
| 6
| 180
| 147
| 33
|
|---|
| - tourism
| 43
| 60
| -17
| 51
| 58
| -7
|
|---|
| - other services
| 136
| 160
| -24
| 199
| 195
| 4
|
|---|
| B. Incomes
| 53
| 82
| -29
| 59
| 116
| -57
|
|---|
| C. Current transfers
| 236
| 29
| 207
| 245
| 50
| 195
|
|---|
Medium- and long-term external debt went up 3.1 percent versus December 2002 and totalled USD 15,676 million at end-February 2003.
Public and publicly guaranteed debt amounted to USD 9,751 million at end-February 2003, accounting for 62.2 percent of the medium- and long-term debt (against 62.7 percent at end-December 2002). In February 2003, external private debt added 4.6 percent to USD 5,925 million.
Romania's medium- and long-term debt at end-February 2003 (provisional data)
- USD million -
| Type of debt |
Balance at 31.12.2002 |
Balance at 28.02.2003 |
Debt service 1.01-28.02.2003 |
|---|
| I. Public debt |
6,293
| 6,451
| 95
|
|---|
| II. Publicly guaranteed debt |
3,246
| 3,300
| 142
|
|---|
| III. Private debt |
5,664
| 5,925
| 106
|
|---|
| Total external debt |
15,203
| 15,676
| 343
|
|---|
At end-February 2003, medium- and long-term debt service ratio ran at 15.8 percent against 21.6 percent at end-2002.
Import cover edged down from 4.7 months at end-2002 to 4.6 months at end-February 2003.