Romania’s public debt reaches 38.2% of GDP in August

Romania’s public debt grew to EUR 49.4 billion (RON 207.6 billion) at the end of August this year, representing 38.2 percent of the country's GDP, according to the Public Finances Ministry. Romania’s public debt was 37.9 percent of the GDP at the end of last year. The Governmental debt represented 94.4 percent of the total debt at the end of August, while the local public debt represented the rest. 48.7 percent of the country’s public debt was in RON, 42. 3 percent was in EUR, while 8.9 percent was in other foreign currencies. Most of the debt is made of state loans – 35 percent, followed by bonds – 25 percent, and treasury certificates – 16 percent. Eurobonds covered 9 percent of the debt. Irina Popescu, irina.popescu@romania-insider.com (photo source: Sxc.hu)