Romania's public debt increased by 26.5% in the first seven months to 138.83 billion lei

Romania’s public debt increased by 26.5% in the first seven months of the year up to 138.83 billion lei, Romania’s Finance ministry informs. The debt represents 27.92% of the country’s GDP, estimated for this year at 497.32 billion lei.

By the end of the year, Romania’s public debt was 109.75 billion lei, representing 21.78% of GDP. The value of the non-negotiable debt dropped from 74.30% to 60.70% in July while the negotiable debt is valued at 39.30%.

The Finance ministry data shows that by the end of July, 59.29% of the public debt was denominated in lei while 31.33% in euro. In the first seven months of the year, governmental loans, worth 60.67% were contracted through state titles on the internal market – 48.39 billion lei, cash management instruments 450 million lei and state loans – 11.83 billion lei.