Balance of Payments in January 2006
23.03.2006
In January 2006, the balance-of-payments current account deficit widened 70.7 percent against the same year-ago period to EUR 391 million.
- EUR mill. -
| |
January 2005* |
January 2006* |
| CREDIT
| DEBIT
| NET
| CREDIT
| DEBIT
| NET |
| CURRENT ACCOUNT (A+B+C)
| 2,071
| 2,300
| -229
| 2,506
| 2,897
| -391
|
| A. Goods and services
| 1,746
| 1,998
| -252
| 2,095
| 2,533
| -438
|
|---|
| a. Goods (exports fob - imports fob)
| 1,514
| 1,751
| -237
| 1,769
| 2,222
| -453
|
|---|
| b. Services
| 232
| 247
| -15
| 326
| 311
| 15
|
|---|
| - transport
| 77
| 93
| -16
| 96
| 117
| -21
|
|---|
| - tourism - travel
| 37
| 33
| 4
| 50
| 47
| 3
|
|---|
| - other
| 118
| 121
| -3
| 180
| 147
| 33
|
|---|
| B. Incomes
| 58
| 273
| -215
| 121
| 325
| -204
|
|---|
| C. Current transfers
| 267
| 29
| 238
| 290
| 39
| 251
|
|---|
* provisional data
Medium- and long-term external debt1
at end-January 2006 amounted to EUR 24,279 million, down 0.7 percent compared with end-2005.
Public and publicly guaranteed external debt totalled EUR 11,227 million at end-January 2006, accounting for 46.2 percent of medium- and long-term debt, a figure similar to that seen at year-end 2005.
Non-publicly guaranteed external debt equalled EUR 12,204 million at end-January 2006, remaining unchanged against end-2005.
Medium- and long-term external debt at end-January 2006
and external debt service for January 2006
- EUR mill., provisional data -
| |
Medium - and long-term external debt |
External debt service |
|---|
| Balance at 31/12/2005 |
Balance at 31/01/2006
| January 2006 |
| I. PUBLIC DEBTa) |
6,964
| 6,947
| 53
|
|---|
II. PUBLICLY GUARANTEED DEBTa),
of which:
|
4,343
| 4,280
| 55
|
|---|
| - public sector
| 4,131
| 4,070
| 54
|
|---|
| - private sectorb)
| 212
| 210
| 1
|
|---|
III. NON-PUBLICLY GUARANTEED DEBT,
of which:
|
12,206
| 12,204
| 356
|
|---|
| - public sector
| 560
| 551
| 3
|
|---|
| - private sectorb)
| 11,646
| 11,653
| 353
|
|---|
| Total external debt resulting from medium- and long-term borrowings |
23,513
| 23,431
| 464
|
|---|
| Medium- and long-term deposits of non-residents |
947*
| 848*
| 101*
|
|---|
| Total medium- and long-term external debt |
24,460
| 24,279
| 565
|
|---|
* estimates
a) loans taken or guaranteed by the Ministry of Public Finance in compliance with Public Debt Act
b) financial and non-financial entities with majority private capital
Medium- and long-term external debt service ratio2 in January 2006 was 27 percent versus 18.2 percent in 2005.
At end-January 2006,
import cover3 rose to 7.4 months of imports from 6.4 months of imports at end-2005.
Notes:
- External debt balance is subject to monthly revision.
- Medium- and long-term external debt service ratio is computed as a ratio of medium- and long-term external debt service to exports of goods and services.
- Import cover is computed as a ratio of official reserves of the NBR (foreign exchange + gold) at end of period to average monthly imports of goods and services for the period under review.