Government debt increased in October to RON 931.18 billion, 54% of GDP

Business Forum
General government debt (general government debt) in October 2024 climbed to RON 931.186 billion from RON 916.758 billion in the previous month, according to data released by the Ministry of Finance (MoF).

As a percentage of GDP, government debt increased to 54%, up from 53.1% in September (GDP according to the National Institute of Statistics release of December 6, 2024).

In the tenth month of the year, medium- and long-term debt increased to RON 869.216 billion from RON 859.9 billion in September, while short-term debt rose to RON 61.97 billion from RON 56.858 billion in the previous month.

The bulk of this debt, RON 780.243 billion, was government securities. Borrowing amounted to RON 131.258 billion.

Debt in national currency amounted to RON 444.283 billion, that in euro to RON 390.471 billion equivalent, and debt in US dollars to RON 94.353 billion equivalent.

Central government debt also reached RON 908.315 billion in October 2024, up from RON 894.36 billion in September, of which RON 846.387 billion was medium- and long-term. The bulk of central government debt was contracted in lei (RON 426.41 billion) and in euro (RON 385.47 billion equivalent).

Local general government debt rose to RON 22.87 billion from RON 22.4 billion in the previous month, of which RON 22.828 billion medium and long-term.

At the same time, domestic general government debt in October 2024 amounted to RON 455.713 billion (RON 442.792 billion in September), or 26.4% of GDP (25.7% of GDP in September), of which RON 437.945 billion was central government debt and RON 17.767 billion local government debt.

According to MF data, the general government's external debt amounted to RON 475.473 billion (RON 473.966 billion in September), or 27.6% of GDP (27.5% of GDP in the previous month), of which RON 470.37 billion was the external debt of the central general government and RON 5.102 billion the external debt of the local general government.

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