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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: Haim R. Branisteanu	3/18/2010 1:04:14 PM
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Romania's Public Debt Falls To RON143.9B In January - Mediafax BUCHAREST (Dow Jones)--Romania's public debt fell to 143.95 billion lei ($48.3 billion) at the end of January from RON148.05 billion a month earlier, according to Finance Ministry data released Thursday, news agency Mediafax reports. The public debt stood for 26.71% of the gross domestic product in January, compared with 29.29% of GDP in December. The public debt-to-GDP ratio was calculated based on a GDP of RON505.5 billion for 2009, and of RON538.9 billion estimated for 2010. The public debt in Romanian lei was at 45.3% of the total debt in January, while euro-denominated debt stood at 41.9%. State loans amounted to 38.9% of Romania's public debt in 2009, followed by Treasury bills (19.2% of the total debt) and Treasury bonds (18%), according to ministry data. Eurobonds represented 6.6% of the total loans, while financing from other sources amounted to 17.1%. Agency Web site: www.mediafax.ro

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