Balance of Payments in January - March 2002
07.06.2002
At end-March 2002, the balance-of-payments current account posted a deficit of USD 286 million compared with a USD 405 million deficit in the same year-ago period. This development resulted from the joint action of the following factors: (i) the USD 482 million trade deficit and (ii) the USD 299 million surplus under current transfers.
- USD million -
|
|
January-March 2001
|
January-March 2002 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 3,689
| 4,094
| -405
| 3,729
| 4,015
| -286
|
| A. Goods and services
| 3,315
| 3,877
| -562
| 3,316
| 3,843
| -527
|
| a. Goods (exports fob - imports fob)
| 2,873
| 3,409
| -536
| 2,897
| 3,379
| -482
|
| b. Services
| 442
| 468
| -26
| 419
| 464
| -45
|
| - Transport
| 201
| 178
| 23
| 178
| 182
| -4
|
| - Tourism
| 67
| 93
| -26
| 60
| 73
| -13
|
| - Others
| 174
| 197
| -23
| 181
| 209
| -28
|
| B. Incomes
| 93
| 134
| -41
| 78
| 136
| -58
|
| C. Current transfers
| 281
| 83
| 198
| 335
| 36
| 299
|
Medium- and long-term external debt rose by 0.5 per cent against December 2001 and amounted to USD 11,617 million at end-March 2002.
At end-March 2002, public and publicly guaranteed debt ran at USD 7,713 million, accounting for 66.4 per cent of the medium- and long-term debt (against 66.6 per cent at end-December 2001). Private external debt increased by one per cent in the first quarter, reaching USD 3,904 million at end-March 2002.
- USD million -
Romania's medium- and long-term debt at end-March 2002 (provisional data)| Type of debt |
Balance at 31.12.2001 |
Balance at 31.03.2002 |
Debt service |
|---|
| I. PUBLIC DEBT |
4,984 | 4,987 | 112 |
|---|
| II. PUBLIC AND PUBLICLY GUARANTEED DEBT |
2,712 | 2,726 | 225 |
|---|
| III. PRIVATE DEBT |
3,867 | 3,904 | 128 |
|---|
| TOTAL EXTERNAL DEBT |
11,563 | 11,617 | 465 |
|---|
At end-March 2002, medium- and long-term debt service ratio stood at 14 per cent versus 18.4 per cent at end-2001.
Import cover increased from 3.9 months at end-2001 to 4.2 months at end-March 2002.