26.1 C
Bucharest
June 27, 2022
BUSINESS

Forex loans hike public debt by 1 pc

According to the Ministry of Public Finances (MFP), Romania’s public debt grew by more than RON 5 bln in May, mainly because forex-denominated state bonds were issued, and surpassed RON 200 bln for the first time, reaching 37 pc of GDP, Mediafax informs. In nominal terms, the debt stood at RON 200.6 bln in May, compared to RON 195.5 bln the month before when it represented 36 per cent of GDP. The hike came exclusively from the rising government direct debt that reached a level of RON 189.12 bln in May. Accor­ding to the Finance Ministry data, the RON and EUR-denominated bonds issued totaled RON 42.9 bln, up by RON 4.6 bln compared to April, while Eurobonds totaled RON 10.1 bln.

Related posts

Nokia extends its Timisoara campus with the biggest research and development center in the telecommunications industry

Nine O' Clock

OTP Leasing provides funding through the SME Leasing program for local companies

NINE O'CLOCK

CTP invests 50 million EUR in the development of its logistics parks around Timișoara

NINE O'CLOCK