Romania’s external debt up 4.4 pct in 7 months to EUR 97.6 bln on soaring short-term credit

Sorin Melenciuc 13/09/2018 | 13:32

Romania’s total external debt grew by 4.4 percent in the first seven months of this year compared with December 2017, to EUR 97.58 billion, due mainly to rising short-term debt, National Bank of Romania (BNR) data show.

Long-term public debt declined by EUR 371 million, to EUR 33.163 billion at the end of July, while the non-publicly guaranteed debt (mostly private) declined by EUR 1.29 million, to EUR 32.616 billion.

The total long-term external debt amounted to EUR 66.959 billion in July, down 2.4 percent compared with December 2017.

But the short-term external debt increased by 23.2 percent to EUR 30.62 billion.

The external rate service ratio on the long term was 22.5 percent in January-July, compared with 23.9 percent in 2017.

The coverage level of goods and services imports at end-July was 4.7 months, compared with 5.4 months in December 2017, according to the central bank.

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