Balance of Payments in January - February 2002
23.04.2002
At end-February 2002, the balance-of-payments current account posted a deficit of USD 180 million compared with a USD 338 million deficit in the same year-ago period. This development was attributable to the joint action of the following factors: (i) the USD 319 million trade deficit and (ii) the USD 207 million surplus under current transfers.
- USD million -
|
| January-February 2001
| January-February 2002 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 2,328
| 2,666
| -338
| 2,448
| 2,628
| -180
|
| A. Goods and services
| 2,096
| 2,527
| -431
| 2,159
| 2,517
| -358
|
| a. Goods (exports fob - imports fob)
| 1,826
| 2,232
| -406
| 1,866
| 2,185
| -319
|
| b. Services
| 270
| 295
| -25
| 293
| 332
| -39
|
| - Transport
| 106
| 109
| -3
| 114
| 112
| 2
|
| - Tourism
| 34
| 51
| -17
| 43
| 60
| -17
|
| - Others
| 130
| 135
| -5
| 136
| 160
| -24
|
| B. Incomes
| 55
| 74
| -19
| 53
| 82
| -29
|
| C. Current transfers
| 177
| 65
| 112
| 236
| 29
| 207 |
Medium- and long-term external debt increased by 0.3 per cent against December 2001 and amounted to USD 11,543 million at end-February 2002.
At end-February 2002, public and publicly guaranteed debt ran at USD 7,710 million, accounting for 66.8 per cent of the medium- and long-term debt (against 66.9 percent at end-December 2001). Private external debt rose by 0.5 per cent, reaching USD 3,833 million in February 2002.
Romania's medium- and long-term debt at end-February 2002 (provisional data)
| Type of debt |
Balance at 31.12.2001 |
Balance at 28.02.2002 |
Debt service |
| I. PUBLIC DEBT |
4,984 |
4,939 |
84 |
| II. PUBLIC AND PUBLICLY GUARANTEED DEBT |
2,709 |
2,771 |
120 |
| III. PRIVATE DEBT |
3,814 |
3,833 |
94 |
| TOTAL EXTERNAL DEBT |
11,507 |
11,543 |
298 |
At end-February 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 4.3 months at end-February.