Balance of Payments in January - May 2001
25.07.2001
At the end of May 2001, the current account rang up a deficit of USD 1,197 million compared with USD 538 million in the same year-ago period. This was the result of the following: (i) the 197 per cent widening of the trade deficit; (ii) the 40 per cent reduction in the deficit under services; (iii) the 23 per cent narrowing of the deficit under incomes; and (iv) the 10.7 per cent increase in the surplus under current transfers.
- USD million -
|
| January - May 2000
| January - May 2001 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 5,053
| 5,591
| -538
| 5,981
| 7,178
| -1,197
|
| A. Goods and Services
| 4,570
| 5,267
| -697
| 5,352
| 6,775
| -1,423
|
| a. Goods (exports fob - imports fob)
| 3,984
| 4,408
| -424
| 4,678
| 5,937
| -1,259
|
| b. Services
| 586
| 859
| -273
| 674
| 838
| -164
|
| - Transport
| 235
| 251
| -16
| 268
| 311
| -43
|
| - Tourism
| 112
| 155
| -43
| 90
| 149
| -59
|
| - Others
| 239
| 453
| -214
| 316
| 378
| -62
|
| B. Incomes
| 97
| 245
| -148
| 171
| 285
| -114
|
| C. Current transfers
| 386
| 79
| 307
| 458
| 118
| 340 |
Romania's external debt increased by USD 100 million in the first five months of this year to reach USD 10,402 million at end-May 2001. Medium- and long-term external debt edged 1.1 per cent higher to USD 10,048 million, whilst short-term debt lowered 2 per cent to USD 354 million.
Public and publicly guaranteed debt as of end-May 2001 added up to USD 6,976 million, accounting for 69.4 per cent of the medium- and long-term debt versus 69.3 per cent at year-end 2000. During the same period, private debt remained broadly unchanged at USD 2,297 million.
Debt service ratio (computed as a ratio between external debt service and exports of goods and services) ran at 15.7 per cent as of end-May 2001 compared with 19.8 per cent at end-2000.