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Finance Ministry: Gov't debt reaches almost 50% of GDP at 2021 April-end

Public administration debt (government debt) totaled, at the end of the first four months of 2021, 526.7 billion lei, respectively 49.9% of the GDP, compared to 499.153 billion lei (47.3% of the GDP) at the end of 2020, according to data centralised by the Ministry of Finance.

Of this, the amount of 16.79 billion lei represents the short-term debt, and the rest the medium and long-term debt.

Most of this debt, respectively 446.504 billion lei, was represented by government securities.

The debt of the central public administration amounts to 510.923 billion lei, of which 494.148 billion lei on medium and long term, most of it being in lei (236.084 billion lei) and euro (232.225 billion lei, equivalent).

The debt of the local public administration amounted to 15.774 billion lei, at the end of April 2021, of which 15.757 billion lei on medium and long term.

According to the Finance Ministry, the external debt of the public administration was 267.850 billion lei (25.4% of GDP), of which 263.197 billion lei was that of the central public administration and 4.653 billion lei of the local public administration, and almost entirely (267.22 billion lei) it was on medium and long term.