Balance of Payments in January - August 2002
28.10.2002
At end-August 2002, the balance-of-payments current account posted a deficit of USD 937 million, down 29.8 percent against the same year-ago period.
- USD million -
| |
January-August 2001 |
January-August 2002 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 10,158
| 11,493
| -1,335
| 11,519
| 12,456
| -937
|
| A. Goods and services
| 9,009
| 10,845
| -1,836
| 10,173
| 11,758
| -1,585
|
| a. Goods (exports fob - imports fob)
| 7,689
| 9,414
| -1,725
| 8,747
| 10,248
| -1,501
|
| b. Services
| 1,320
| 1,431
| -111
| 1,426
| 1,510
| -84
|
| - Transport
| 516
| 514
| 2
| 557
| 581
| -24
|
| - Tourism
| 233
| 307
| -74
| 207
| 241
| -34
|
| - Others
| 571
| 610
| -39
| 662
| 688
| -26
|
| B. Incomes
| 261
| 460
| -199
| 234
| 557
| -323
|
| C. Current transfers
| 888
| 188
| 700
| 1,112
| 141
| 971
|
Medium- and long-term external debt increased by 12.2 percent versus December 2001 and totalled USD 13,202 million at end-August 2002.
Public and publicly guaranteed debt amounted to USD 8,721 million at end-August 2002, accounting for 66.1 percent of the medium-and long-term debt (against 65.6 percent at end-December 2001). In the
first eight months of 2002, external private debt rose by 10.8 percent, reaching USD 4,481 million at end-
August 2002.
Romania's medium- and long-term debt at end-August 2002
(provisional data, USD million)
| Type of debt |
Balance at 31.12.2001 |
Balance at 30.08.2002 |
Debt service
1.01-31.08.200 |
|---|
| I. PUBLIC DEBT |
4,984 | 5,745 | 699 |
|---|
| II. PUBLIC AND PUBLICLY GUARANTEED DEBT |
2,741 | 2,976 | 637 |
|---|
| III. PRIVATE DEBT |
4,044 | 4,481 | 558 |
|---|
| TOTAL EXTERNAL DEBT |
11,769 | 13,202 | 1,894 |
|---|
At end-August 2002, medium- and long-term debt service ratio stood at 21.3 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-August 2002.