26.1 C
June 27, 2022

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.

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