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Balance of Payments in January - September 2002

11.12.2002

At end-September 2002, the balance of payments current account posted a deficit of USD 957 million, down 21.9 percent against the same year-ago period.

- USD million -
  January - September 2001 January - September 2002
CREDIT DEBIT BALANCE CREDIT DEBIT BALANCE
CURRENT ACCOUNT (A+B+C) 11,500 12,725 -1,225 13,200 14,157 -957
A. Goods and services 10,193 12,000 -1,807 11,636 13,350 -1,714
  a. Goods (exports fob - imports fob) 8,663 10,447 -1,784 9,973 11,702 -1,729
  b. Services 1,530 1,553 -23 1,663 1,648 15
        - transport 616 531 85 686 624 62
        - tourism 260 328 -68 243 280 -37
        - other services 654 694 -40 734 744 -10
B. Incomes 292 522 -230 274 650 -376
C. Current transfers 1,015 203 812 1,290 157 1,133

Medium- and long-term external debt increased by 13 percent versus December 2001 and totalled USD 13,426 million at end-September 2002.

Public and publicly guaranteed debt amounted to USD 8,795 million at end-September 2002, accounting for 65.5 percent of the medium-and long-term debt (against 65 percent at end-December 2001). In the first nine months of 2002, external private debt rose by 11.4 percent, reaching USD 4,631 million at end-September 2002.

Romania's medium- and long-term debt at end-September 2002 (provisional data)
- USD million -
Type of debt Balance at 31.12.2001 Balance at 30.09.2002 Debt service 1.01-30.09.2002
I. Public debt 4,984 5,900 734
II. Publicly guaranteed debt 2,741 2,895 764
III. Private debt 4,159 4,631 656
Total external debt 11,884 13,426 2,154

At end-August 2002, medium- and long-term debt service ratio stood at 18.5 percent compared with 18.4 percent at end-2001.

Import cover increased from 3.9 months at end-2001 to 4.6 months at end-September 2002.

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