Romania’s public debt reaches 54.3% of GDP at end-November

Romania’s public debt reaches 54.3% of GDP at end-November

Romania’s public debt hits 54.3% of GDP at end-November / bne IntelliNews

By Iulian Ernst in Bucharest January 30, 2025

Romania’s public debt (chart) reached RON937bn (€188.3bn) at the end of November, according to data published by the finance ministry.

The debt-to-GDP ratio reached 54.3%, based on the latest four-quarter GDP available (RON1,725bn as of the end of September), up from 54.0% at the end of October and 48.8% at the end of 2023.

Romania’s public debt thus rose by €30.8bn in January-November, well above the €25.9bn leap during the COVID-19 pandemic year when the government’s revenues plunged forcing it to borrow to provide fiscal stimulus.

The public debt denominated in local currency reached 45.8% of the total, after an 18.9% year-to-date advance. The debt denominated in euros rose by 15.9% ytd and reached 41.2% of the total. The debt denominated in US dollars rose by 44% ytd to reach 10.3% of the total, thanks to several US dollar-denominated issues in 2024.

Romania resumed Samurai bonds and consequently, the debt denominated in other currencies soared by 94% year on year to a still modest share of 0.2% of the total.

#romania #public #debt #macro

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