Romania’s foreign debt up 2.7 pct in Jan-May to EUR 96.04 bln on rising short-term credit

Romania’s total external debt grew by 2.7 percent in the first five months of this year compared with December 2017, to EUR 96.04 billion, due mainly to rising short-term debt, National Bank of Romania (BNR) data show.

The public debt declined by EUR 359 million, from EUR 33.534 billion in December 2017 to EUR 33.175 billion at the end of May, while the non-publicly guaranteed debt (mostly private) declined by EUR 779 million, to EUR 33.129 billion.

The long term external debt amounted to EUR 67.54 billion in May, down 1.6 percent compared with December 2017.  The short term external debt increased by 14.6 percent to EUR 28.5 billion.

The external rate service ratio on the long term was 18.9 percent in January-May, compared with 23.9 percent in 2017.

The coverage level of goods and services imports at end-May was 5.2 months, compared with 5.4 months in December 2017, according to the central bank.

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