Romania’s balance of payments was running a deficit of 2.507 billion euro at mid-2016, 6.7 times higher than the 374 million euro registered in the same period of the year before, the National Bank of Romania (BNR) informed.
The Jan – May 2016 current account deficit had been 2.6 billion euro.
In H1 both the goods deficit and the primary income deficit were wider by 1.114 billion euro and 1.067 billion euro, respectively; the secondary revenues surplus was by 71 million euro lower and the balance of services ran a surplus by 119 million euro higher.
The country’s long-term external debt at end-June 2016 stood at 68.908 billion euro (78.1 percent of the total external debt), down 2.5 percent from end-2015. At mid-2016 the short-term external debt stood at 19.348 billion euro (21.9 percent of the total external debt), in line with the level registered at the end of 2015.
The country’s total external debt dropped by 1.778 billion euros in the period January – June 2016, as the non-publicly guaranteed debt decreased by 1.25 billion euro, the debt of the monetary authority shrank by 320 million euro and the public debt also went down by 208 million euro.
The long-term external debt service ratio was 30.5 percent over January – June 2016 against 35 percent in 2015. At the end of June 2016, the goods and services import cover stood at 6.3 months, compared with 6.4 months at the end of 2015.
At end of June 2016, the ratio of BNR’s foreign exchange reserves to the short-term external debt by remaining maturity was 101.3 percent, compared to 99.5 percent at the end of 2015.