ECONOMY FINANCE&BANKING

Gov’t debt records 35pct of GDP 9 months into 2018

The public administration’s debt slightly decreased in the first nine months of 2018 reaching 35pct of the gross domestic product (GDP), at the end of September 2018, against 35.1pct of the GDP in December 2017, and yet in terms of value the gov’t debt grew to 313.42 billion lei, at the end of September 2018, from 301.158 billion lei in December 2017, according to data released by the Public Finance Ministry (MFP).

A great part of the debt, over 304.37 bln lei respectively, is the medium and long-term debt. The gov’t securities are worth rd 255.52 bln lei.

By currency, 156.62 bln lei is the lei-denominated debt, 127.57 bln lei is the euro-denominated debt and 27.94 bln is the USD-denominated debt.

Out of the total Gov’t debt, the central public administration debt is 298.97 bln lei, while the local administration’s debt is 14.45 bln lei.

In the past four years, the public administration debt of Romania has constantly dipped as percentage of the GDP, from 39.2pct in 2014, to 35.1pct of the GDP in 2018.

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