The finance ministry tapped markets for EUR4.9 billion in the first months of the year.
At the beginning of the year, Romania’s financing needs stood at RON87 billion but the impact of the crisis on the budget has boosted financing needs to at least RON130 billion (EUR26 million).
Finance minister Florin Citu has said previously the country has a buffer that would cover financing for four or five months.
Romania posted a budget deficit of RON8.3 billion, or 0.7% of gross domestic product, in the first two months of 2020.
In the same period, the country’s external debt grew by EUR4.74 billion, to a total of EUR110.6 billion, of which government debt accounts for 40%, or EUR43.8 billion, 11% higher than at the beginning of the year, according to central bank data.