Romania - Gross External Debt





Romania: Gross External Debt

Mnemonic GDBTEXT.IROU
Unit Mil. EUR, NSA
Adjustments Not Seasonally Adjusted
Quarterly 3.78 %
Data 2019 Q2 103,671
2019 Q1 99,891

Series Information

Source National Bank of Romania (NBR)
Release External Debt
Frequency Monthly
Start Date 6/30/2012
End Date 6/30/2019

Romania: Government

Reference Last Previous Units Frequency
Government Budget Balance Jul 2019 -16,926 -19,186 Mil. RON cumulative from the beginning of the year Monthly
Government Expenditures Jul 2019 105,001 90,082 Mil. RON cumulative from the beginning of the year Monthly
Government Revenues Jul 2019 88,074 70,895 Mil. RON cumulative from the beginning of the year Monthly
Gross External Debt 2019 Q2 103,671 99,891 Mil. EUR, NSA Quarterly
Outstanding Public Debt 2011 242,211 201,228 Mil. Lei, NSA Annual

Release Information

Gross external debt consists of the outstanding amount of those actual current, and not contingent, liabilities that require future payments of principal and/or interest by the debtor and that are owed to nonresidents by residents of an economy (according to the definition of External Debt Statistics: Guide for Compilers). The compilation of statistical data on gross external debt is made in line with the IMF and EU methodology (Balance of Payments Manual - BPM6; ESA 95 Manual on Government Deficit and Debt - 2010 Edition).

NBR develop balance of payments and international investment position other works by strengthening the country's statistical information collected under the provisions of its Statute and the regulations.

Since September 2014, the data on the external sector statistics will be compiled and presented according to the new international methodological standards, provided by the IMF Balance of Payments Manual and international investment position, sixth edition (BPM6), which replaces Handbook IMF Balance of payments, Ava edition (BPM5). 

The external debt data is compiled in accordance to the IMF External Debt Statistics Standards.

The standard methodology for compiling statistics on balance of payments (BOP) and International Investment Position (IIP) of Romania is provided by the balance of payments manual prepared by the IMF. The sixth edition of this manual (BPM6) to be implemented at European level since June 2014, in accordance with Regulation (EU) No. 555/2012 of 22 June 2012, published in the Official Journal on 27 June 2012.

Methodological standards in compiling balance of payments and international investment position have been revised in response to economic and financial developments worldwide in our data analysis requirements from consumers and the practical experience gained by the producers of statistics Macroeconomic.

To maintain and improve the coherence of international macroeconomic statistics, BPM6 manual was developed in parallel with the update OECD benchmark definition of foreign direct investment (BD4 - 2008) and the System of National Accounts (SNA 2008).

External public debt is recorded, monitored and managed by the Ministry of Public Finance (Law No. 109/2008 approving Emergency Ordinance No. 64/2007 on public debt). Foreign exchange capital operations in long-term external private debt are notified to the NBR pursuant to NBR Regulation No. 31/2011 on reporting statistical data and information to the National Bank of Romania, Title I, Chapter VII.

 The external debt data sets are compiled and published according to the new international standards in statistics presented in the IMF’s Balance of Payments and International Investment Position Manual (sixth edition, BPM6) that replaces the previous version of the Manual (fifth edition, BPM5). 

Data may be subject to revisions

For further reference please visit:

http://www.imf.org/external/pubs/ft/eds/eng/guide/index.htm

For more information about the new methodology on BMP6 on balance of payments please visit:

http://www.imf.org/external/pubs/ft/bop/2007/pdf/bpm6.pdf