Romania’s external debt reaches new maximum

Romania’s foreign debt increased by EUR 1.88 billion in the first five months of this year to EUR 94.2 billion, climbing to a new maximum after December 2014.

The debt mainly went up as a result of the increase in public debt, according to Romania’s National Bank (BNR).

By comparison, Romania’s foreign debt amounted to EUR 94.7 billion at the end of 2014, with over EUR 32.8 billion representing public debt.

The foreign debt reached EUR 92.3 billion at the end of 2016. It gradually increased in the next months to over EUR 94 billion at the end of April and EUR 92.4 billion at the end of May.

The long-term debt amounted to EUR 70 billion at the end of May this year, up EUR 1.05 billion over the end of 2016, whereas the short-term debt reached EUR 24.2 billion, up EUR 829 million. Of the long-term debt, the public debt totaled EUR 32.1 billion, up EUR 1.86 billion compared to the end of 2016.

editor@romania-insider.com