Romania Public Debt Falls Slightly In June To RON177B

Romania’s public debt slightly fell to 176.9 billion lei (EUR1=RON4.2244) in June, from a peak of RON178.3 billion a month earlier, according to Finance Ministry data.

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In June, the ministry sold less than RON1 billion in state paper, significantly lower than its plan of RON4.6 billion.

The public debt accounted for 34.66% of the gross domestic product in June, compared with 34.94% of the GDP in May. The public debt-to-GDP ratio was calculated using an estimated GDP of RON510.4 billion for this year.

Government public debt was 93.8% of the total debt in the January-June period, while local authorities' debt accounted for 6.2%.

At the end of 2009, Romania's public debt stood at RON147.3 billion.

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