Romania has a public debt of EUR 51 billion and at the end of 2013, each Romanian will owe some EUR 150, said Romanian Prime Minister Victor Ponta, upon presenting the 2013 budget. “This year we will spend more than we produce,” he explained. Each Romanian citizen will produce on average around EUR 7,000 in 2013, which will lead to a total Gross Domestic Product of EUR 140 billion in 2013, Ponta further explained in a press conference at the Government on Thursday.

Four years ago, the debt was of EUR 28 million, and the aim is to get back to that level, the PM went on. This year the country will also have to reimburse some EUR 1.2 billion, on account of the debt to the International Monetary Fund (IMF). It will also have to pay some EUR 10.2 billion in salaries, EUR 11.1 billion for pensions, invest some EUR 7.8 billion, and spend some EUR 7.6 billion on goods and services. Another expense will be the debts, some EUR 2.5 billion.

“In 2012, Romania did not use any of the money from the IMF (from the second agreement), it used money from the free market, at lowering rates,” the PM also explained.

editor@romania-insider.com