Romania's public external debt up in Jan-Oct

Debt

Photo by Radu Bercan/Shutterstock.com

Romania's gross external debt increased by EUR 9.2 billion in the first ten months of the year, to a total of EUR 118.9 billion (nearly 60% of GDP), the country's central bank said in a report.

Out of the total, the public debt amounts to EUR 50.7 billion, 28.6% more compared to the end of last year.

The increase in the direct public debt was prompted by the bonds issued by the Finance Ministry worth about EUR 9 billion, and the net loans contracted in the amount of EUR 548 million. During January-October 2020, the private external debt reached the value of EUR 32.7 billion, down by EUR 831 million compared to the level recorded at the end of 2019. 

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