Romania: Romania's public debt at more than 35 bln euros

February 25, 2010

Romania's public debt at more than 35 bln euros
Feb 25, 2010

Romania's public debt at more than 35 bln euros.
Bucharest, Feb 25 /Agerpres/ - Romania's public debt totaled 148.05 billion lei (more than 35 billion euros) at the end of 2009, accounting for 29.29 percent of Gross Domestic Product (GDP), show figures released by the Public Finances Ministry on Thursday.

At end-Dec. 2008, the Romanian public debt amounted to 109.75 billion lei, accounting for 21.78 percent of GDP.

At the end of last year, 47.5 percent of the public debt was in the national leu currency terms, 41.11 percent was in euro terms, 6.29 percent in dollar terms, 1.38 percent in Japanese yen and 3.72 percent in other foreign currencies.

By types of financial instruments, the largest part of the public debt was contracted by state loans (38.01 pct), by T-bonds (17.03 pct), government bonds (16.82 pct), eurobonds (6.61 pct), financial leasing (0.07 pct), and by loans from the money available in the General Account of the State Treasury used to fund the state budget deficit (21.47 pct).

The Public Finances Ministry last year borrowed 113.277 billion lei, out of which 76.109 billion lei by state bonds issues in the domestic market and 37.167 billion lei by state loans out of which 35.096 billion lei was contracted directly. AGERPRES
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