Government borrowing pushes up Romania’s external debt
Romania's gross external debt increased by EUR 5.57 bln in January-June 2020, to EUR 111.4 bln, an evolution determined by the 7.2% increase in the long-term external debt (EUR 79.0 bln) and 0.8% growth in the short-term external debt (EUR 32.5 bln).
The rise in the gross external debt was entirely prompted by the Government's borrowing. Of the total external debt, public debt has a value of EUR 45.2 bln at the end of June, up by EUR 5.8 bln compared to the end of 2019.
The unsecured debt, contracted by banks and companies, decreased by EUR 453 mln to EUR 32.48 bln (of which EUR 325 mln represented the non-residents' deposits), according to data published on Thursday by Romania's National Bank (BNR).
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