Romania’s external debt approaches EUR 100 bln on rising short-term credit

Sorin Melenciuc 14/12/2018 | 16:31

Romania’s total external debt grew by 1.5 percent in the first ten months of this year compared with December 2017, to EUR 98.85 billion, due mainly to rising short-term debt, National Bank of Romania (BNR) data show.

Long-term public debt rose by EUR 854 million, to EUR 34.4 billion at the end of October, while the non-publicly guaranteed debt (mostly private) declined by EUR 1.1 million, to EUR 32.68 billion.

The total long-term external debt amounted to EUR 68.286 billion in October, down 0.35 percent compared with December 2017.

But the short-term external debt increased by 6 percent to EUR 30.57 billion.

The external rate service ratio on the long term was 20.6 percent in January-October, compared with 25 percent in 2017.

The coverage level of goods and services imports at end-october was 4.8 months, compared with 5.4 months in December 2017, according to the central bank.

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