Balance of Payments in January - May 2002
26.07.2002
At end-May 2002, the balance-of-payments current account posted a deficit of USD 665 million against a USD 1,145 million deficit in the same year-ago period.
- USD million -
| |
January-May 2001 |
January-May 2002 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 6,074
| 7,219
| -1,145
| 6,543
| 7,208
| -665
|
| A. Goods and services
| 5,412
| 6,816
| -1,404
| 5,797
| 6,832
| -1,035
|
| a. Goods (exports fob - imports fob)
| 4,678
| 5,936
| -1,258
| 4,999
| 5,941
| -942
|
| b. Services
| 734
| 880
| -146
| 798
| 891
| -93
|
| - Transport
| 304
| 322
| -18
| 310
| 340
| -30
|
| - Tourism
| 130
| 190
| -60
| 111
| 140
| -29
|
| - Others
| 300
| 368
| -68
| 377
| 411
| -34
|
| B. Incomes
| 175
| 285
| -110
| 135
| 301
| -166
|
| C. Current transfers
| 487
| 118
| 369
| 611
| 75
| 536
|
Medium- and long-term external debt increased by 11.2 percent against December 2001 and amounted to USD 13,018 million at end-May 2002.
Public and publicly guaranteed debt amounted to USD 8,759 million at end-May 2002, accounting for 67.3 percent of the medium-and long-term debt (against 65.9 percent at end-December 2001). Private external debt rose by 6.7 percent in the first five months of the year, reaching USD 4,259 million at end-May 2002.
Romania's medium- and long-term debt at end-May 2002 (provisional data)
| Type of debt |
Balance at 31.12.2001 |
Balance at 31.05.2002 |
Debt service |
|---|
| I. PUBLIC DEBT |
4,984 | 5,831 | 209 |
|---|
| II. PUBLIC AND PUBLICLY GUARANTEED DEBT |
2,731 | 2,928 | 364 |
|---|
| III. PRIVATE DEBT |
3,991 | 4,259 | 227 |
|---|
| TOTAL EXTERNAL DEBT |
11,706 | 13,018 | 800 |
|---|
At end-May 2002, medium- and long-term debt service ratio stood at 13.8 per cent versus 18.4 per cent at end-2001.
Import cover increased from 3.9 months at end-2001 to 4.6 months at end-May 2002.