Convergence Program: Romania Public Debt To Reach 40.9% Of GDP End-2020, Below 60% Limit Under Maastricht Treaty

05.25.2020 By Ecaterina Craciun

Romania’s government debt, under the EU methodology, reached 35.2% of the gross domestic product (GDP) end-2019, and is expected to reach 40.9% of the GDP in 2020, given the nearly 1.9% economic downturn, the depreciation of the leu against the euro and the effects generated by the spread of the coronavirus, per the Convergence Program for 2020 released by the Finance Ministry.



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Keywords:
convergence program
, government debt
, Maastricht Treaty