public debt

Romania Unwilling to Access Conditional International Loans

Romania's finance ministry is looking at all financing options from international lenders – IMF, EBRD, World Bank – but will not access any loan with conditions attached, finance minister Florin Citu said Tuesday.

Romanian Draft Constitution: Budget Gap Limited To 3% Of GDP

Romania's budget gap may not be wider than 3% of the gross domestic product, while the public debt may not exceed 60% of the GDP, says the draft revised Constitution, published Wednesday by the Presidential Administration.

Romania Ctrl Bank: Investors Get Agitated If Public Debt Tops 40% Of GDP

Romania must keep its foreign currency reserves at sufficiently high levels, because investors get “agitated” every time the public debt exceeds 40% of a country’s gross domestic product, central bank governor Mugur Isarescu said Wednesday.

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.

Romania Public Debt Rises To 34% Of GDP In April

Romania’s public debt rose to 34.07% of the gross domestic product in April from 30.06% of the GDP a month earlier, Finance Ministry data showed Tuesday.

Romania March Public Debt Rises To 30% Of GDP

Romania’s public debt rose to 30.06% of the gross domestic product at the end of March from 28.7% of the GDP a month earlier, mostly due to a EUR1 billion Eurobond sale, Finance Ministry data showed Friday.

Romania Can’t Monetize Its Public Debt – Ctrl Bank Chief

Romanian central bank isn’t able to follow the example of the United States and monetize the public debt, central bank governor Mugur Isarescu said Wednesday, warning that a high banking exposure may endanger budget deficit financing.

Romania Public Debt To Widen To 40% Of GDP In 2011

Romania’s public debt is expected to widen to around 40% of the gross domestic product by end-2011 from approximately 30% of GDP currently, Finance Minister Sebastian Vladescu said Monday.

Romania’s Public Debt Rises To RON155B In February

Romania’s public debt rose by 11 billion lei (EUR1=RON4.1380) in February, to RON155 billion, fueled by disbursements from the International Monetary Fund.

Romania Public Debt Bound To Rise Further – S&P

Romania’s public debt will continue its rapid advancement seen in the past two years and is likely to rise to 27.4% of the gross domestic product this year, from 21.8% of GDP in 2009, as a result of mounting deficits, Standard & Poor's said in a report.

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.

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.

Romania Must Reduce Budget Deficit To Keep Public Debt Under Control – IMF Official

Romania’s public debt will not represent a threat if the country consolidates its tax system to reduce the budget deficit to 5.9% of the GDP in 2010 and then take it under the 3% target set by the Maastricht Treaty, the head of the IMF mission to Romania, Jeffrey Franks, said Friday.

Romania’s Public Debt Rises To 28.08% Of GDP In Jan-Sep

Romania’s public debt rose to 28.08% of the gross domestic product at the end of September from 21.78% of the GDP at the end of last year, according to Finance Ministry data released Wednesday.

Romania’s Jan-Jul Public Debt Rises To 27.9% Of GDP

Romania’s public debt rose to 27.92% of the gross domestic product in January-July period from 21.78% of the GDP at the end of last year, according to Finance Ministry data released Tuesday.

Romania 1H Public Debt Rises To 23.27% Of GDP

Romania’s public debt rose to 23.27% of the gross domestic product in the first six months from 21.78% at the end of last year, according to Finance Ministry data.