ECONOMY FINANCE&BANKING

Eurostat: Romania, among EU states with lowest level of government debt

Romania’s government debt accounted for 297.128 billion lei at the end of the second quarter of 2017 or 37.2 pct of the GDP, up by 0.1 percentage points from 37.1 pct of the GDP in the previous three months, shows data released by the European Statistical office (Eurostat) on Tuesday.

Compared with the first quarter of 2017, seven US member states registered an increase in their debt to GDP ratio at the end of the second quarter of 2017 and twenty a decrease.

The highest ratios of government debt to GDP at the end of the second quarter of 2017 were recorded in Greece (175.0 pct), Italy (134.7 pct) and Portugal (132.1 pct), and the lowest in Estonia (8.9 pct), Luxembourg (23.4% pct), Bulgaria (27.7 pct), Denmark (36.8 pct) and Romania (37.2 pct).

In the EU28, the ratio also decreased, from 83.6 pct of the GDP January through March down to 83.4 pct in the second quarter of the year.

At the end of the second quarter of 2017, the government debt to GDP ratio in the euro area (EA19) stood at 89.1 pct, compared with 89.2 pct at the end of the first quarter of 2017.

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