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Public debt of Romania dropped to 36% of GDP

According to the ministry of finances, the public debt of Romania dropped in April by 3.5 billion lei against the previous month and got to 195,5 billion lei ( 46.2 billion euro) the equivalent of 36% of GDP, as the Treasury made payment which got to maturity to private banks of over 2 billion lei.

In the case of governmental debt, according to the type of creditor, bonds to private banks had the biggest drop, from 132.4 billion lei in March 130.1 in April. At the same time, the multilateral debt reduced by 1.1 billion lei, at 53.6 billion lei.

At the end of April, almost half of public debt was in lei ( 85.4 billion lei) while the equivalent of 77.6 billion lei was in dollars. In DST, the currency used by IMF for loans, the Treasury owed 8.68 billion lei. The debt in Japanese yen was of 2.14 billion lei. Between February – April, the Treasury increased the maturity for loans, so that at the end of the first four months, the long term debt was 90.0 billion lei, representing almost half of the total. On short term, the Treasury owes 31.3 billion lei, while on medium term the loans balance is 61.7 billion lei.

In February and March the share of long term debt was smaller, of approximately 42%. The public debt of the local authorities was of 11.5 billion lei at the end of April, dropping by 38 million lei against the previous month. The biggest part of the local debt is contracted in lei, and depending of the maturity most loans get to maturity over at least 5 years.

The officials of the ministry of finance stated that Treasury objective is to increase maturity for loans, taking at the same time a balanced financing on the domestic market and the foreign market.

Sursa: http://www.actmedia.eu

Tags: billion maturity treasury public loans april euro

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