Romania’s Public Debt Falls To RON143.9B In January

Romania’s public debt fell to 143.95 billion lei (EUR1=RON4.0801) at the end of January, from RON148.05 billion a month earlier, according to Finance Ministry data released Thursday.

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The public debt stood for 26.71% of the gross domestic product in January from 29.29% of GDP in December.

The public debt-to-GDP ratio was calculated based on a GDP of RON505.5 billion for 2009, and of RON538.9 billion estimated for 2010.

The public debt in Romanian lei was at 45.3% of the total debt in January, while euro-denominated debt stood at 41.9%.

State loans amounted to 38.9% of Romania's public debt in 2009, followed by treasury bills (19.2% of the total debt) and treasury bonds (18%), according to ministry data.

Eurobonds represented 6.6% of the total loans, while financing from other sources amounted to 17.1%.

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