Romania's public debt drops 2.8% in January

Romania's public debt narrowed 2.8% in January this year from a month earlier, to 143.952 billion lei (€34.9 billion), the equivalent of a debt-to-GDP ratio of 26.71%, said the Ministry of Public Finance.

At the end of last year, Romania's public debt stood at 148.055 billion lei (€35 billion). On January 31, 41.88% of the country's debt was denominated in lei, 45.27% in euro and the remaining in other foreign currencies.

The biggest portion of the country's public debt represents state loans (38.93%), treasury notes (19.21%) and sovereign bonds (18.03%). Eurobonds accounted for 6.64% of the public debt, financial leasing 0.1% and other resources 17.1%.From end-2009, the share of public debt in total debt dropped in January by 0.16% from 92.94% to 92.78%, while local public debt accounted for 7.22%.