In January-December 2022, the deficit in Romania’s balance-of-payments current account reached EUR 26,571 million, up from EUR 17,473 million y-o-y, according to a press statement released by the National Bank of Romania (BNR) on Monday, according to Agerpres.

The deficit in trade in goods widened by EUR 9,187 million, as a surplus in services expanded by EUR 3,120 million, with the primary income deficit widening by EUR 3,852 million, while the secondary income surplus increased by EUR 821 million.

In January-December 2022, total external debt increased by EUR 6,136 million, of which long-term external debt at end-December 2022 ran at EUR 97,685 million (68.4 percent of total external debt), up 0.1 percent against end-2021.

The short-term external debt at end-December 2022 amounted to EUR 45,036 million (31.6 percent of total external debt), up 15.4 percent from end-2021.

Long-term external debt service ratio stood at 15.8 percent in January-December 2022 against 17 percent in 2021. At end-December 2022, goods and services import cover stood at 4.4 months, as compared to 4.9 months at end-2021.

At end-December 2022, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 82.7 percent, as against 79.4 percent at end-2021.

Agerpres