Romania’s public administration debt (government debt) widened in July 2023 to RON 733.87 billion from RON 724.76 billion in the previous month, according to data published by the Ministry of Finance, write Agerpres.

As a percentage of the Gross Domestic Product (GDP), government debt rose to 49% from 48.4% in June 2023. In July, the medium and long-term debt increased to RON 697.32 billion, from RON 695.23 billion in June 2023, and the short-term debt increased to RON 36.55 billion from RON 29.53 billion in the previous month.

The largest part of this debt, namely RON 616.69 billion, was made up of state securities. Related loans amounted to RON 104.63 billion. The debt stated in the national currency, the leu (RON), amounted to RON 350.47 billion, when stated in the single European currency, the euro, it was the equivalent of RON 309.75 billion, and when stated in the US dollar it was the equivalent of RON 72.06 billion.

The debt of the central public administration at the end of July 2023 was standing at RON 715.13 billion, up from RON 706.03 billion in June, including RON 678.6 billion in the medium and long term debt. Most of the borrowings of the central administration were in RON – RON 335.79 billion – and in euros – RON 305.68 billion, equivalent.

The debt of the local public administration rose to RON 18.74 billion, from RON 18.733 billion in June 2023, including RON 18.705 billion in the medium and long term debt. The internal debt of the public administration was standing at RON 354.82 billion (23.7% of GDP) in July 2023, including RON 340.77 billion the debt of the central administration and RON 14.043 billion the debt of the local administration.

According to the MF data, the external debt of the public administration was RON 379.05 billion (25.3% of GDP), including RON 374.354 billion in the external debt of the central public administration and almost RON 4.7 billion in the external debt of the local public administration.