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Bucharest
May 16, 2021
BUSINESS

Romania’s public debt down by RON 3.5 bln in April

Romania’s public debt shrank by RON 3.5 bln, in April, compared to the preceding month, and amounted to RON 195.5 bln (EUR 46.2 bln), the equivalent of 36 pc of GDP, as the Treasury made payments on maturity to private banks worth over RON 2 bln, Mediafax reports. In the case of the governmental debt, based on the type of creditors, debts to private banks reported the steepest reduction, from RON 132.4 bln, in March, to RON 53.6 bln. At the same time, multilateral debt shrank by RON 1.1 bln, to RON 53.6 bln. Finance Ministry officials stated, on repeated occasions, that the Treasury’s target was to extend maturity terms for debts, while ensuring balanced financing on the internal and foreign market.

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