Romania's public debt rose 14.9% in October
At the end of last year, the total public debt amounted to 81.59 billion lei, equivalent to 20.16% of 2007 GDP.
According to MEF report, the share of lei-denominated government public debt in total government debt was more than half after first ten months of this year, namely 54.9%, 11.3% share of US dollars-denominated public debt, and 2% share of yen-denominated debt.
As for the instrument type, state loans account for over a third (35.3%) of the government public debt, 10.4% share of treasury bonds, 9.1% - Eurobonds, while 4.7% of the debt was contracted as treasury bills and 0.2% as financial leasing, according to MEF report. Other resources accounted for 40.2% of the government public debt.
Compared to end-2007, the share of the public government debt in the total debt fell more than 1%, from 93.35% to 92.05% while the local public debt weighed 7.95% of the total debt at the end of October, compared to 6.65% in December 2007.
The share of negotiable debt climbed to 24.27% at the end of October 2008, from 22.82% in December 2007, the remaining share in the public debt being non-negotiable debt.
Ministry of Economy and Finances took into account, for the gross domestic product, the latter forecasts of National Commission of Prognosis for this year, namely 505 billion lei.