Romania's government debt amounted to almost EUR 59 billion at the end of the first quarter, namely 38.4% of the GDP. It went down by 1.4 percentage points (pp) compared to the last quarter of 2014.

Romania ranked fourth among EU countries for the drop in the governmental debt as share in the GDP in the first three months of the year, reports local Agerpres. It was only surpassed by Greece, where the debt went down by 8.3 pp, Latvia (-5.1 pp) and Lithuania (-2.7 pp).

Some 15 countries in the EU recorded increases in government debt as share in the GDP, whereas 12 countries had drops.

In the EU, the governmental debt increased from 86.9% of the GDP to 88.2% of the GDP in this period. In the Eurozone, the debt grew from 92% to 92.9%.

editor@romania-insider.com