Romania’s government debt dropped by RON 218 million in the second quarter of the year compared to the first, to RON 248.3 billion (38.5 percent of GDP), making it the third lowest public debt to GDP ratio in the European Union, Eurostat data showed Thursday.
Compared to the second quarter last year, Romania’s public debt dropped 0.3 percent to 38.5 from 38.8 percent.
Bond and certificate emissions represented 26.1 percent of GDP at the end of June, state loans – 11.7 percent and cash deposits 0.7 percent.
EU member states public debt increase by EUR 217.5 billion in the second quarter year on year, to EUR 11.930 billion, representing 87 percent of GDP.
The most indebted countries at the end of the second quarter were Italy (133.8 percent of GDP), Portugal (129.4 percent) and Ireland (116.16 percent). At the opposite end of the spectrum Estonia (10.5 percent), Luxembourg (23.1 percent) and Romania) 38.5 percent) had the lowest debts.