Balance of Payments in January - October 2000
29.12.2000
In the first ten months of 2000, the current account recorded a USD 682 million deficit, 12.7 percent
lower year on year. This development, in spite of the 22.2 percent widening of the trade balance deficit,
was due to the following factors: (i) the 28.5 percent reduction in the services deficit, (ii) the 19.3
percent fall in the incomes deficit, and (iii) the 28.1 percent rise in the surplus under current
transfers.
|
|
1999 (January - October)
|
2000 (January - October) |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 8,901
| 9,682
| -781
| 10,933
| 11,615
| -682
|
| A. Goods and Services
| 8,080
| 9,019
| -939
| 9,935
| 10,981
| -1,046
|
| a. Goods fob (exports-imports fob)
| 6,912
| 7,651
| -739
| 8,535
| 9,438
| -903
|
| b. Services
| 1,168
| 1,368
| -200
| 1,400
| 1,543
| -143
|
| - Transportation
| 436
| 420
| 16
| 527
| 517
| 10
|
| - Tourism
| 217
| 296
| -79
| 295
| 332
| -37
|
| - Other services
| 515
| 652
| -137
| 578
| 694
| -116
|
| B. Incomes
| 127
| 468
| -341
| 193
| 468
| -275
|
| C. Current transfers
| 694
| 195
| 499
| 805
| 166
| 639
|
The current account deficit as of 31 October 2000 accounted for 44.3 percent of the full-year projected
deficit of USD 1,539 million (following the September revision).
In the first ten months of the year, Romania's external debt posted a 1.9 percent increase to USD
9,221.7 million at end-October. In the same period, the medium- and long term debt rose by 2.2 percent to
USD 8,859.4 million, whereas short-term debt fell by 6 percent to USD 362.3 million.
Public and publicly guaranteed debt as of 31 October 2000 stood at USD 6,283.3 million, accounting
for 70.9 percent of the medium- and long-term debt (against 71.3 percent on 31 December 1999). In the
first ten months of the year, private debt rose by 3.6 percent to reach USD 2,576.1 million at end-October
2000.
Debt service ratio (computed as a ratio between external debt service and exports of goods and services)
was 17.8 percent as of 31 October 2000 compared with 35.9 percent at-end 1999.