Romania Public Debt Widens To RON237.7B In May

Romania’s public debt rose to 237.76 billion lei (EUR51.2 billion) in May, from RON236.65 billion a month earlier, Finance Ministry data showed.

Florentina Dragu · 24658

24.07.2012 · 17:20 · 1 min read

End-May, the public debt reached 39.1% of the gross domestic product, slightly wider from 39% of GDP in April.

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 94.5% of the total debt in May, while local authorities’ debt accounted for 5.5%. (EUR1=RON4.6397)