Balance of Payments in July 2000
14.09.2000
In the first 7 months of 2000, the current account recorded a USD 523 million deficit, 38.8 percent lower
year-on-year. The deficit was the result of the 11.6 percent decline in the trade deficit and the 87.2
percent increase in the surplus under current transfers.
|
|
1999
|
2000 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 5,854
| 6,709
| -855
| 7,397
| 7,920
| -523 |
| A. Goods and Services
| 5,371
| 6,223
| -852
| 6,718
| 7,471
| -753 |
| a. Goods fob (exports-imports)
| 4,634
| 5,296
| -662
| 5,836
| 6,433
| -597 |
| b. Services
| 737
| 927
| -190
| 882
| 1,038
| -156 |
| - Transportation
| 282
| 299
| -17
| 358
| 363
| -5 |
| - Tourism
| 139
| 188
| -49
| 169
| 200
| -31 |
| - Other services
| 316
| 440
| -124
| 355
| 475
| -120 |
| B. Incomes
| 98
| 336
| -238
| 122
| 332
| -210 |
| C. Current transfers
| 385
| 150
| 235
| 557
| 117
| 440 |
The current account deficit for the 7 months of the year amounted to 37.4 percent of the full-year
projected deficit of USD 1,400 million.
In the first 6 months of 2000, Romania’s foreign debt posted a 1.1 percent increase to USD 8,953.4
million. In the same period, medium- and long-term foreign debt rose by 1.8 percent to USD 8,626.8
million, whereas
short-term foreign debt dropped by 15.2 percent to USD 326.6 million.
As of end June 2000, public and publicly guaranteed debt stood at USD 6,228.2 million, accounting
for 72.2 percent of the medium- and long-term foreign debt (against 71.8 percent on 31 December 1999).
The private debt balance stayed virtually flat from end-1999, at USD 2,398.6 million.
Debt service ratio (computed as a ratio between the foreign debt service and the exports of goods
and services) was 22.7 percent as of end-June 2000 compared with 35.9 percent at end-1999.