Balance of Payments in January - June 2003
21.08.2003
At end-June 2003, the balance-of-payments current account showed a deficit of EUR 1,246 million, up 27.3 percent from the second half of 2002.
- EUR million -
| |
January - June 2002 |
January - June 2003 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 8,980
| 9,959
| -979
| 9,699
| 10,945
| -1,246
|
| A. Goods and services
| 8,024
| 9,341
| -1,317
| 8,673
| 10,255
| -1,582
|
| a. Goods (exports fob - imports fob)
| 6,934
| 8,200
| -1,266
| 7,497
| 9,053
| -1,556
|
| b. Services
| 1,090
| 1,141
| -51
| 1,176
| 1,202
| -26
|
| - transport
| 428
| 411
| 17
| 491
| 455
| 36
|
| - tourism
| 150
| 181
| -31
| 161
| 182
| -21
|
| - other services
| 512
| 549
| -37
| 524
| 565
| -41
|
| B. Incomes
| 188
| 511
| -323
| 158
| 543
| -385
|
| C. Current transfers
| 768
| 107
| 661
| 868
| 147
| 721 |
Medium- and long-term external debt crept down 2.6 percent versus December 2002 and totalled EUR 14,207 million at end-June 2003.
Public and publicly guaranteed external debt amounted to EUR 8,933 million at end-June 2003, accounting for 62.9 percent of the medium- and long-term debt. In June 2003, external private debt ran at EUR 5,274 million, down 2.7 percent against end-2002.
Romania's medium- and long-term debt at end-June 2003 (provisional data)
- EUR million -
| Type of debt |
Balance at 31.12.2002 |
Balance at 30.06.2003 |
Debt service 1.01-30.06.2003 |
| I. Public debt |
6,039
| 5,907
| 367
|
| II. Publicly guaranteed debt |
3,135
| 3,026
| 495
|
| III. Private debt |
5,418
| 5,274
| 547
|
| Total external debt |
14,592
| 14,207
| 1,409 |
Medium- and long-term external debt service ratio came in at 19.1 percent at end-June 2003, against 21.4 percent at end-2002.
Import cover dropped from 4.72 months at end-2002 to 3.8 months at end-June 2003.