Central bank revises upward by EUR 4 bln Romania’s total external debt at end-2017

Sorin Melenciuc 15/10/2018 | 13:08

Romania’s total external debt was EUR 97.36 billion in December 2017, almost EUR 4 billion bigger than the previous data suggested, National Bank of Romania (BNR) revised data show.

In August, Romania’s total external debt rose to EUR 98 billion, from EUR 97.6 billion in July, approaching the threshold of EUR 100 billion

Compared with revised level registered in December 2017, long-term public debt declined by EUR 404 million, to EUR 33.14 billion at the end of August, while the non-publicly guaranteed debt (mostly private) declined by EUR 731 million, to EUR 33.07 billion.

The total long-term external debt amounted to EUR 67.4 billion in August, down 1.6 percent compared with December 2017.

But the short-term external debt increased by 31.4 percent to EUR 30.6 billion.

The external rate service ratio on the long term was 21.5 percent in January-August, compared with 25 percent in 2017.

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

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