The National Bank of Romania (BNR) announced on Monday that the current account balance of payments registered a deficit of €11.5bln during the first 9 months of 2021, increasing by 46.76% compared to €7.836bln in 2020 during the same period, according to Agerpres.
“The balance of goods and the balance of primary income recorded deficits higher by €2.719bln and €145bln respectively; the balance of services and the one for secondary income registered surpluses lower by €418mln, €382mln, respectively,” stated BNR.
In the first nine months of 2021, the total foreign debt went up by €6.826bln.
The long term foreign debt amounted to €97.814bln at the end of September 2021 (73.2% of total foreign debt), an increase of 4.6% from the end of December 2020.
The short term foreign debt registered at the end of September 2021 was €35.819 bln (26.8% of total foreign debt) going up by 7.7% from the end of December 2020.
The long-term foreign debt service rate was 17.1% in the first nine months of 2021 compared to 20.7% in 2020.
At end-September 2021, goods and services import cover stood at 5.2 months as opposed to 5.6 months at the end of 2020.
At end-September 2021, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 90.9%, against 90.3% at end-2020.