Gov’t projects 2013-2015 public debt at 33.5 pct of GDP - financiare.ro
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News » April, 2012 » 21 April 2012

Gov’t projects 2013-2015 public debt at 33.5 pct of GDP
21.04.2012, 08:54 | Finance-Banks | 1051 views



The Romanian Government has projected a 2012 debt of 33.9 percent of the Gross Domestic Product (GDP) and a 2013-2015 debt of less than 33.5 percent of the GDP, which is far below the maximum 60-percent-of-the-GDP level provided for under the Maastricht Treaty.

‘In our Convergence Programme for 2012-2015, for the year 2012, we are estimating a deficit of 2.3 percent of GDP in ESA terms, which includes the losses of the Government-owned enterprises, and 1.9 percent in cash terms. This is a level that is below the 3-percent-of-the-GHDP maximum level under the Maastricht Treaty and a first step toward a budget with a structural deficit of at most 0.7 percent of the GDP in 2013,’ reads the Convergence Programme.

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