2.4 C
Bucharest
January 27, 2023
ECONOMYFINANCE&BANKING

Finance Ministry: Government debt widens to 48 pct of GDP as of end-October

The government debt as of end-October 2022 stood at 651.508 billion RON, up from 646.073 billion RON in September and 577.521 billion RON at the end of 2021, shows data published by the Finance Ministry.

The government debt-to-GDP ratio rose to 48 percent from 47.6 percent at the end of September.

In October, the medium- and long-term debt amounted to 623.967 billion RON, while the short-term debt was 27.54 billion RON.

Government securities account for the bulk of this amount – specifically 535.01 billion RON, while US dollar-denominated loans amounted to the equivalent of 103.29 billion RON.

The debt in euros amounted to the equivalent of 301.069 billion RON, that in national currency was 288.986 billion RON, and the debt in US dollars amounted to the equivalent of 60.219 billion RON.

At the end of October, the central public administration accounted for RON 634.012 billion of the public debt, of which RON 606.494 billion due in the medium and long term. The bulk of the central government debt is in euros (the equivalent of RON 296.8 billion) and in RON (275.762 billion).

The local public administration accounts for RON 17.496 billion of the government debt, with RON 17.473 billion in the medium and long term.

At the end of October, the internal debt of the public administration amounted to RON 321.837 billion (23.7 percent of GDP), of which RON 309.236 billion was the debt of the central administration and RON 12.601 billion was the debt of the local administration.

According to the Public Finance Ministry, the public administration’s foreign debt was RON 329.67 billion (24.3 percent of GDP), of which the central public administration accounts for RON 329.67 billion and the local public administration for RON 4.895 billion.

Related posts

President Iohannis underscores need for energy legislation stability to OMV Petrom delegation

Nine O' Clock

Nuclearelectrica inks first contract with Candu Energy to refurbish Cernavoda’s Unit 1

NINE O'CLOCK

ANOFM: Over 97,000 people hired in first four months of 2017

Nine O' Clock