Romania’s public debt is fast approaching 50% of GDP

By rbj
The debt of the public administration (government debt) stood, in December 2021, at 576.562 billion lei, a strong increase compared to the previous month (November 2021) when it was 557.886 billion lei, according to data centralized by the Ministry of Finance.
In terms of GDP, government debt was 48.9% at the end of last year (48.7% of GDP at the end of November 2021).
In the last five years, Romania’s public debt has increased by more than 5.5% of GDP, mainly due to external loans to support the economy and spending to combat the covid-19 pandemic.
medium- and long-term debt amounted to 547.22 billion lei, and short-term debt to 29.342 billion lei.
Most of this debt, respectively 477.3 billion lei, was represented by government securities. The loans amounted to 86.743 billion lei.
The amount of 289.535 billion lei was government debt in lei, 250.389 billion lei was government debt in euros and 44.116 billion lei equivalent debt in US dollars.
At the end of October, the debt of the central public administration amounted to almost 560 billion lei, of which 530.685 billion lei in the medium and long term. Most of the central government debt was contracted in lei (268.055 billion lei) and in euro (246.308 billion lei, equivalent).
The debt of the local public administration amounted to 16.564 billion lei, of which 16.535 billion lei in the medium and long term.
According to the Ministry of Public Finance, the external debt of the public administration was 283.693 billion lei (24.1% of GDP), of which 278.931 billion lei were the external debt of the central public administration and 4.762 billion lei were the external debt of the local public administration.