RSS
BNR: Romania's public administration's liabilities, down to 27.4pct of GDP in Q4, 2015
Romania's public administration's liabilities went down to 27.4 percent of the Gross Domestic Product (GDP) in the last three months of 2015, down 0.8 percentage points from the last quarter of the year before, according to provisional data released by the National Bank of Romania (BNR).
"The liabilities of the "Public Administration" sector expressed as a percentage of the GDP decreased to 27.4 percent, from 28.2 percent. Government's shareholdings and other holdings decreased by 0.5 percentage points, to 11.7 percent of the GDP. Public administration's deposits shrank by 0.9 percentage points, to 6.3 percent of the GDP, while other receivables accounts increased by 0.7 percentage points, to 8.5 percent of the GDP," the BNR reports.
Public administration's outlays diminished as a percentage of the GDP, to 46.3 percent from a previous 48.2 percent.
Loans were also down 1.5 percentage points, making up 9.8 percent of the GDP as of end Q4, 2015 as a result of reimbursements to third parties.
"Commercial debt went down 0.4 percentage points, to 5.1 percent of the GDP. RON and forex-denominated securities were down 0.2 percent following a buyback at a quicker pace of short-term securities than the issuing of new such securities for similar maturity dates, coupled with a decrease in the opening of long-term liability issuances (because of a diminished need for funding), as they reached 30.2 percent of the GDP," show data with the BNR.
The central administration sub-sector required funding both in the Q4, 2015 (1.2 percent of the GDP), and in Q4, 2014 (1.6 percent of the GDP).
"Local public administrations' funding capacity was 0.002 percent of the GDP, down 0.05 percent from Q4, 2014. Social security administrations' funding needs were 0.1 percent of the GDP, while their funding capacity in Q4, 2014 was standing at 0.2 percent of the GDP," the BNR says.