Romania’s Public Debt Rises To RON155B In February

In January, Romania's public debt stood at RON143.95 billion, slightly down on the month.

According to Finance Ministry data released Thursday, the public debt stood for 28.77% of the gross domestic product in February, up from 26.71% of the GDP a month earlier.

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

The public debt in Romanian lei was at 47.1% of the total debt in February, while euro-denominated debt stood at 38.3%.

State loans amounted to 39.8% of Romania's public debt at the end of February, followed by treasury bills (18.1% of the total debt) and treasury bonds (17.2%), according to ministry data.

Eurobonds represented 6.11% of the total loans, while financing from other sources amounted to 18.8%.

Late February, the IMF disbursed about EUR2.45 billion of the EUR13 billion stand-by loan agreed with Romania last year.

Half of the amount was channeled directly to the government to cover the budget deficit.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.