Romania’s foreign debt up EUR 2 bln in Q1 to EUR 95.5 bln

Sorin Melenciuc 14/05/2018 | 13:40

Romania’s total external debt grew by 2.2 percent in the first quarter of this year compared with December 2017, to EUR 95.527 billion, due mainly to rising public debt, National Bank of Romania (BNR) data show.

The public debt rose by EUR 1.25 billion, from EUR 33.534 billion in December 2017 to EUR 34.375 billion at the end of March, while the non-publicly guaranteed debt (mostly private) declined by EUR 257 million, to EUR 33.65 billion.

The long term external debt amounted to EUR 69.598 billion in March, up 1.4 percent compared with December 2017.  The short term external debt increased by 4.3 percent to EUR 25.93 billion.

The external rate service ratio on the long term was 14.2 percent in January-March, compared with 23.9 percent in 2017. The coverage level of goods and services imports at end-March was 5.4 months, compared with 5.4 months in December 2017, according to the central bank.

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