Romania's public debt exceeds 36% of GDP after nine months
Romania's public debt exceeded EUR 43 billion at the end of September this year, reaching 36 percent of the country's GDP, according to data from the Ministry of Public Finances. The country's public debt was of 29.9 percent of the GDP at the end of last year. The public debt is made of state loans – 41.3 percent, treasury certificates – 17.6 percent, state bonds – 16.3 percent, eurobonds- 6 percent, financial leasing 0.05 percent and money from the State Treasury general Account, used to finance the budget deficit – 18.6 percent.
The Ministry of Public Finances borrowed EUR 11 billion in the first nine months of the year, out of which EUR 7.5 billion by issuing state titles on the domestic market and EUR 2.3 billion through state loans. The bulk of the state titles issued in 2010 had a one-year maturity (46 percent), while 31 percent, a six-month maturity. The rest was split between three-, five- and ten-year maturities.
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