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BNR: Balance of payments and external debt – April 2022

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In January - April 2022p, the balance-of-payments current account posted a deficit of EUR 7,568 million, compared with EUR 4,114 million in the same year-ago period, the Central bank (BNR) informs. The breakdown shows that the deficit on trade in goods widened by EUR 2,589 million, the surplus on services increased by EUR 345 million, the primary income deficit grew by EUR 1,126 million, while the secondary income surplus narrowed by EUR 84 million.

 

Non-residents' direct investment in Romaniae totalled EUR 3,149 million (compared with EUR 2,350 million in January - April 2021), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 3,031 million and EUR 118 million, respectively.

In January - April 2022, total external debt decreased by EUR 66 million, of which:

  • long-term external debt at end-April 2022 ran at EUR 94,399 million (70.2 percent of total external debt), down 2.8 percent against end-2021;

  • short-term external debt at end-April 2022 amounted to EUR 40,152 million (29.8 percent of total external debt), up 7.2 percent from end-2021.

 

Long-term external debt service ratioran at 17 percent in January - April 2022 against 16.4 percent in 2021. At end-April 2022, goods and services import cover stood at 4.3 months, as compared to 4.9 months at end-2021.

 

At end-April 2022, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 78.4 percent, against 81.9 percent at end-2021.

 

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