Romania’s public debt level at the end of 2019 is way below the 60% limit set out in the Maastricht treaty for EU Member States.
Of the total public debt, the domestic debt accounted for 18.9% of the GDP, and the external debt accounted for 16.3% of the GDP.
”Considering an economic contraction forecast of nearly 1.9%, a depreciation of the national currency against the euro- the main currency in which the public debt is denominated- and a budget deficit of over 3% of the GDP calculated under the EU methodology, as a result of the effects generated by the spread of the SARS-CoV-2, we expect the gross government debt, under the EU methodology, to account for 40.9% of the GDP end-2020.”
Including liquid assets in calculations too, the level of the net public debt (which is the gross government debt minus liquid assets) is estimated at 35.2% of the GDP end- 2020.