|Unit||Mil. Lei, NSA|
|Adjustments||Not Seasonally Adjusted|
|Government Budget Balance||Jul 2021||-42,565||-42,703||Mil. RON cumulative from the beginning of the year||Monthly|
|Government Expenditures||Jul 2021||139,665||121,850||Mil. RON cumulative from the beginning of the year||Monthly|
|Government Revenues||Jul 2021||97,099||79,147||Mil. RON cumulative from the beginning of the year||Monthly|
|Gross External Debt||2021 Q2||128,023||123,626||Mil. EUR, NSA||Quarterly|
|Outstanding Public Debt||2011||242,211||201,228||Mil. Lei, NSA||Annual|
According to the National Bank of Romania, The European System of National and Regional Accounts (ESA 1995 or ESA) is an internationally compatible accounting framework for a systematic and detailed description of a “total economy” (i.e., of a region, a country or a group of countries). The accounting framework of ESA may be employed to analyse and evaluate the structure of a total economy, its specific parts or aspects, the development of such an economy over time and its relations with other total economies.
The statistical data collected under ESA are essential for defining and pursuing the economic and social policies within the European Union. The accounting framework of ESA95 classifies units in terms of “local kind-of-activity units producing goods and services”, groups them by NACE sections, and uses two different methods to divide the economy (resident and non-resident units, national economy and rest of the world), each of them matching some specific analytical needs. Thus, in order to describe the flow of incomes and expenditures, the financial flow and the assets accounts, ESA95 regroups the institutional units by sector, on the basis of their functions, behaviour and key objectives. The system of national accounts is a closed system based on the principle of double entry. Each transaction must be recorded twice, once as a resource in one side of the system and once as a use in the other side of the system. Stocks are recorded both at the beginning and at the end of the corresponding periods. In the system of national accounts, transactions and stocks refer to resident economic units. Within its scope of activity, the system takes inventory of total flows and stocks. All changes in stocks can be entirely put down to recorded flows. In order for the system to be closed, a segment that captures the flows aimed at recipients of resources from non-resident units is required. This segment is known as “Rest of the world” and is treated similarly to an institutional sector, although non-resident units are not included unless they perform operations with resident institutional units.
Data is subjected to revisions.