News » February, 2011 » 13 February 2011
Romania's public debt leaps by 11bn euros in 2010
13.02.2011, 23:49 | Finance-Banks | 1446 views
Romania's public debt continued to rise last year at a fast pace of 31.6%, amid massive state borrowing, and reached 194 billion RON (46 billion euros), accounting for 38% of GDP. "The growth rate of the public debt is significant. And its level has neared 40% of GDP. The situation is made worse by the fact that the debt structure has a big short-term component, which is more volatile. A problem we will have to solve is modification of the debt structure by extending loan deadlines," comments Aurelian Dochia. Can Romania function without further boosting its public debt? Read more on ZF.ro
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