Compared to the second quarter of 2013, Romania’s government debt dropped by 0.3 percentage points, from 38.8% of GDP, according to the EU statistical office Eurostat.
Romania’s debt securities stood at 26.1% of GDP at the end of the second quarter, government loans at 11.7% of GDP, while currency and deposits stood at 0.7% of GDP.
Government debts of the 28 EU members grew by approximately EUR217.5 billion in the second quarter compared to the first, to EUR11,930 billion, or 87% of GDP. Intergovernmental lending in the context of the financial crisis accounted for 1.8% of the total EU government debt.
The highest government debt at the end of the second quarter of 2014 was registered in Italy (133.8% of GDP), followed by Portugal (129.4% of GDP) and Ireland (116.16% of GDP).
At the opposite end, the lowest government debt was recorded in Estonia (10.5% of GDP), Luxembourg (23.1% of GDP) and Romania (38.5% of GDP).
Germany, Europe’s biggest economy, had a government debt of EUR2,154 billion (75.4% of GDP) in the second quarter, down from EUR2,147 billion in the first quarter.