BNR: Current account deficit up to 56 pct to EUR 1.42 bln in first four months

Current account deficit recorded a 56 percent year-on-year increase in the first four months of 2017, to EUR 1.42 billion, according to the National Bank of Romania (BNR).

„The merchandise trade balance recorded a higher deficit of EUR 488, the balance of secondary revenues and services balance closed with lower surpluses of EUR 428 million, respectively EUR 38 million and the primary revenues balance registered a lower deficit by EUR 444 million,” says the release.

Accordingly, during January-April, the total external debt increased by EUR 1.709 billion. The long term external debt amounted to EUR 70.202 billion in April 30, a 1.8 percent growth compared with December 31.

„The short term external debt registered EUR 23.884 billion on April 30, a growth by 2.1 percent compared with December 31. The long term external debt rate was 22.3 percent during January-April, compared with 27.4 percent in 2016,” says BNR.