Romania is going into debt even more in May: the Government has planned new loans of almost 6 billion lei through the Ministry of Finance, for the month.
These are loans from commercial banks of 5.2 billion lei, to which 690 million lei can be added, money obtained through additional sessions of non-competitive offers, related to bond auctions.
The loans are smaller than those of the previous month and will be intended to refinance the public debt and finance the state budget deficit, the Ministry of Finance states.
Public administration debt (government debt) rose, in February 2024, to 841.292 billion lei, from 801.687 billion lei in the previous month.
As a percentage of GDP, government debt rose to 52.4% from 49.9% in January.
In the second month of the year, the medium and long-term debt increased to 786.851 billion lei, from 759.95 billion lei in January, and the short-term debt increased to 54.441 billion lei, from 41.737 billion lei in the previous month.
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