ACTMEDIA NEWS AGENCY

  |  2013-01-21

Current account deficit of balance of payments exceeded 4.24 billion euros

The current account deficit of Romania's balance of payments was 4.245 billion euros between January and November 2012, 18.9 percent lower compared to January and November 2011, announced the National Bank of Romania on Friday

The deficit was reduced due to the lower deficit of revenue balance by 707 million euros, of the increased surplus of balance of trade up to 263 million euros and of the current transfers which totalled 86 million euros.

 

The current account deficit was funded 33.9 percent through direct investments of the non-residents in Romania between January and November 2012, which totalled 1.440 billion euros (compared to 1.388 billion euros between January and November 2011), from which the stockholding consolidated with the estimated net loss amounted to 473 million euros, and the intra-group loans were 967 million euros.

 

The foreign debt on medium and long term was 78.170 billion euros on November 30, 2012 (78.4 percent of the total foreign debt), 3 percent higher compared to December 31, 2011.

 

The direct public debt on November 30, 2012 on medium and long term was 22.844 billion euros, 11.194 of which were loans from the IMF, 1.352 guaranteed public debt, 37.424 billion euros unwarranted public debt and 7.655 billion represented medium and long term deposits of non-residents.

 

The short-term foreign debt reported on November 30, 2012 a figure of 21.506 billion euros, 5.7 percent lower compared to December 2011.

 

Service rate for foreign debt on medium and long term was 31.9 percent between January and November 2012, compared to 28.8 percent in 2011. The coverage rate was 7.2 months of imports of goods and services on November 30, 2012, compared to 7.5 months of imports on December 31, 2011.

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