Romania’s public debt edged down by some RON 100 mln (EUR 20 mln) in August compared to July, to RON 628.3 bln (EUR 127 bln), while the debt-to-GDP ratio remained virtually flat at 48.8%, according to data published by the Finance Ministry.

The debt had probably increased in September when the Government sold EUR 1.35 bln Eurobonds - but not enough to bring the debt-to-GDP ratio close to 50%.

As the nominal GDP is likely to keep rising fast in the second part of the year, the ratio will probably remain safely below 50% at the end of the year.

S&P expects it to actually ease at 47.5% at the end of December and later to 46.8% at the end of 2023. 

iulian@romania-insider.com

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