Balance of Payments in January - May 2003
25.07.2003
At end-May 2003, the balance-of-payments current account showed a deficit of EUR 967 million, up 46.7 percent from the same year-ago period.
- EUR million -
| |
January - May 2002 |
January - May 2003 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 7,428 | 8,087 | -659 | 7,994 | 8,961 | -967
|
| A. Goods and services
| 6,587 | 7,664 | -1,077 | 7,184 | 8,416 | -1,232
|
|---|
| a. Goods (exports fob - imports fob)
| 5,644 | 6,701 | -1,057 | 6,221 | 7,431 | -1,210
|
|---|
| b. Services
| 943 | 963 | -20 | 963 | 985 | -22
|
|---|
| - transport
| 393 | 341 | 52 | 399 | 370 | 29
|
|---|
| - tourism
| 125 | 158 | -33 | 129 | 144 | -15
|
|---|
| - other services
| 425 | 464 | -39 | 435 | 471 | -36
|
|---|
| B. Incomes
| 152 | 338 | -186 | 135 | 421 | -286
|
|---|
| C. Current transfers
| 689 | 85 | 604 | 675 | 124 | 551
|
|---|
Medium- and long-term external debt eased by 3.8 percent versus December 2002 and totalled EUR 13,993 million at end-May 2003.
Public and publicly guaranteed external debt amounted to EUR 8,800 million at end-May 2003, accounting for 62.9 percent of the medium- and long-term debt (against 63.0 percent at end-December 2002); external private debt decreased by 3.4 percent to EUR 5,193 million.
Romania's medium- and long-term debt at end-May 2003 (provisional data)
- EUR million -
| Type of debt |
Balance at 31.12.2002 |
Balance at 31.05.2003 |
Debt service 1.01-31.05.2003 |
|---|
| I. Public debt |
6,039 | 5,794 | 270
|
|---|
| II. Publicly guaranteed debt |
3,135 | 3,006 | 386
|
|---|
| III. Private debt |
5,378 | 5,193 | 437
|
|---|
| Total external debt |
14,552 | 13,993 | 1,093
|
|---|
Medium- and long-term debt service ratio ran at 18.2 percent at end-May 2003, against 21.4 percent at end-2002.
Import cover dropped from 4.2 months at end-2002 to 3.7 months at end-May 2003.