AcasăEurope NewsBalance-of-payments current account posts deficit of EUR 14,931 million in first seven...

Balance-of-payments current account posts deficit of EUR 14,931 million in first seven months

Published on

In January – July 2022, the balance-of-payments current account posted a deficit of EUR 14,931 million, compared with EUR 9,122 million in the same year-ago period, the National Bank of Romania (BNR) informs in a release, according to Agerpres.

The breakdown shows that the deficit on trade in goods widened by EUR 5,292 million, the surplus on services increased by EUR 1,659 million, the primary income deficit grew by EUR 2,492 million, while the secondary income surplus increased by EUR 316 million.

In January – July 2022, total external debt increased by EUR 5,816 million, of which: long-term external debt at end-July 2022 ran at EUR 96,343 million (68.6 percent of total external debt), down 0.8 percent against end-2021; short-term external debt at end-July 2022 amounted to EUR 44,090 million (31.4 percent of total external debt), up 17.7 percent from end-2021.

Long-term external debt service ratio ran at 13.3 percent in January – July 2022 against 16.4 percent in 2021. At end-July 2022, goods and services import cover stood at 4.3 months, as compared to 4.9 months at end-2021.

At end-July 2022, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 76.6 percent, against 81.9 percent at end-2021.

Agerpres

Latest articles

PM Ciolacu says conditions in place for final step to increasing minimum wage to RON 4,050 as of Jan 1

Prime Minister Marcel Ciolacu announced on Thursday that following the promulgation of the law...

Adina Valean, about organization of new European Commission: I don’t know whether it will be really effective

The former European Commissioner for Transport Adina Valean, currently a member of the European...

Over 1.2 million people treated through National Diabetes Programme

Over 1.2 million people are being treated through the National Diabetes Programme, however, in...

Euro trades at 4.9759 RON

The exchange rate of the national leu currency resulting from the quotations announced on...

More like this

PM Ciolacu says conditions in place for final step to increasing minimum wage to RON 4,050 as of Jan 1

Prime Minister Marcel Ciolacu announced on Thursday that following the promulgation of the law...

Adina Valean, about organization of new European Commission: I don’t know whether it will be really effective

The former European Commissioner for Transport Adina Valean, currently a member of the European...

Over 1.2 million people treated through National Diabetes Programme

Over 1.2 million people are being treated through the National Diabetes Programme, however, in...