Public debt up by 10 pc in first 5 months

Romania's public debt has grown by 10 per cent in the first five months of this year, reaching RON 120.71 bln, Hotnews.ro informs quoting the Ministry of Finance. The figure represents 22.72 per cent of GDP, the latter being estimated at RON 351.3 bln this year. At the end of last year the public debt stood at RON 109.75 bln, representing 21.78 per cent of GDP. At the end of May 63.21 per cent of the public debt was denominated in RON, while 25.74 per cent was denominated in EUR. 11.05 per cent were denominated in other currencies. The Governmental public debt represented 92.88 per cent of the total public debt, growing by 1.3 per cent compared to the end of last year, the rest representing the debt of local public administration authorities.

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