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December 1, 2021

Public debt slightly down in August, to RON 138.2 bln

The public debt of Romania decreased slightly from RON 138.8 bln in July to RON 138.2 bln at the end of August, but the weight in GDP, of 27.7 per cent, was 6 percentage points bigger than it was registered at the end of the past year, according to the Finance Ministry (MFP). The public debt of Romania on December 31, 2008 was RON 109.75 bln, the equivalent of 21.78 per cent of GDP. The public governmental debt represented at the end of August 92.95 per cent of the total, compared to 93.16 per cent after the first seven months of the year. Thus, the local authorities have increased their weight in the balance from 6.84 per cent in July to 7.05 per cent at the end of August. The weight in GDP was calculated to a value of RON 503.9 bln for the past year, and RON 498.9 bln in 2009. The finances attracted in the first eight months new loans of RON 79.8 bln, most of them issues of state titles, with a total value of RON 53.22 bln. The value of the loans taken up directly by the state was RON 26.54 bln at the end of August. In January-August, the six months treasury certificates dominated – 37.8 per cent of the total, followed by the three months certificates, with a weight of 28.7 per cent, and the one-month certificates representing 17.1 per cent. The value of the state titles sold by the Finance Ministry since the beginning of the year rises to RON 57.18 bln, the borrowed amount being about nine times bigger than in the same period of 2008, when the issues totaled RON 6.66 bln.

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