Romania's public debt up by another EUR 1 bln in Jan
Photo by Albert Zoltan / Shutterstock.com
Romania's government debt increased by over RON 5 billion (EUR 1 billion) in January, to RON 503.6 billion at the end of the month, data from the country's Finance Ministry show as cited by Romania-insider.
The debt to GDP (gross domestic product) ratio edged up by another 0.5 percentage points to 47.8% at the end of January.
The debt, in absolute terms and as a ratio to GDP, increased in January at half the average pace in 2020, when the debt to GDP soared by 12 p.p. to 47.3% as the government added nearly RON 125 billion on the top of the public debt.
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