Romania's Public Debt Widens To RON207.6B In August

10.31.2011 By Florentina Dragu

Romania’s public debt rose to 207.57 billion lei (EUR48 billion) in August, from RON204.63 billion a month earlier, Finance Ministry data showed Monday.

End-August, the public debt reached 38.2% of the gross domestic product, from 37.7% of GDP in July.

The public debt-to-GDP ratio was calculated using an estimated GDP of RON543.04 billion for 2011. A year earlier, Romanian GDP was RON513.6 billion.

Government public debt was 94.41% of the total debt in August, while local authorities' debt accounted for 5.59%. (EUR1=RON4.3243)