Romania's current account of the balance of payment registered in the first nine months of the year a deficit of 4.23 billion euro, a 32.6% increase compared to the same period, last year, Romania's National Central Bank data reveals. The balance of current transfers, that registered a decrease of 30.1% compared to January - September 2009 had a determinant influence on the deficit.
The balance of payments registers all transactions between the residents of a country and the rest of the world. The balance of payments reflects the transactions of goods and services of an economy with the rest of the world. To this, it adds the revenues and current transfers generated by the operations of the secon balance of payments, of actives - capital account and financial account.
The current account deficit in January - September 2010 was financed by 48.9% through FDI that registered 2,070 billion euro. The long and medium term debt was of 71.673 billion euro, an increase of 8.9 percentage compared to December 31, 2009.
