In its report on the financing needs of the four largest economies in central and eastern Europe, Fitch said the Romanian government will need EUR2.8 billion to finance the budget deficit in 2013.
Additionally, the country requires another EUR6.1 billion for medium- and long-term redemptions and EUR6 billion for short-term debt stock.
By the end of 2012, the authorities had already pre-financed 12% of the total funds needed this year, Fitch said.
The ratings agency noted that Romania and Hungary owe large sums to the International Monetary Funds starting with 2013, as the loans received during the 2008/2009 global financial crisis come due.
Romania must repay EUR4.8 billion to the IMF this year, out of a total loan of EUR12.95 billion signed in the spring of 2009.
“Romania’s relations with the IMF are good, and it is likely to obtain a new (precautionary) deal when its current one expires in March 2013,” Fitch said in its report.