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Romania 2009 Public Debt Rises To 29.3% Of GDP
Romania’s public debt rose to 29.29% of the gross domestic product in 2009 from 21.8% of GDP the year before, according to Finance Ministry data released Thursday.
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Romania 2009 Public Debt Rises To 29.3% Of GDP
End-December, the country's public debt amounted to 148.05 billion lei (EUR1=RON4.1255), compared with RON109.75 billion at the end of 2008
The public debt-to-GDP ratio was calculated based on a GDP of RON505.5 billion for 2009. A year earlier, the GDP stood at RON503.9 billion.
The public debt in Romanian lei was at 47.5% of the total debt in 2009, while euro-denominated debt stood at 41.11%.
State loans amounted to 38% of Romania's public debt in 2009, followed by treasury bills (17% of the total debt) and treasury bonds (16.8%), according to ministry data.
Eurobonds represented 6.6% of the total loans, while financing from other sources amounted to 21.47%.
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