Romania Public Debt Widens To RON236.7B In July

Romania’s public debt rose to 236.69 billion lei (EUR52.5 billion) in July, from RON232.17 billion a month earlier, Finance Ministry data showed.

Florentina Dragu · 24658

20.09.2012 · 16:04 · 1 min read

End-July, the public debt reached 39% of the gross domestic product, wider from 38.2% of GDP in June.

The public debt-to-GDP ratio was calculated using an estimated GDP of RON607.5 billion for 2012. A year earlier, Romanian GDP was RON578.5 billion.

Government public debt was 94.4% of the total debt in July, while local authorities’ debt accounted for 5.6%. (EUR1=RON4.5092)