Public administration debt (government debt) fell to 860.132 billion RON in June 2024 from 862.344 billion RON in the previous month, according to data published by the Ministry of Finance.As a percentage of GDP, government debt fell slightly to 51.4%, from 51.5% in May (GDP according to the release of the National Institute of Statistics on September 6, 2024).In the sixth month of the year, medium- and long-term debt declined to 809.139 billion RON from 810.612 billion RON in May, while short-term debt fell to 50.993 billion RON from 51.731 billion RON in the previous month.The bulk of this debt amounting to 720.887 billion RON, was government securities. Loans amounted to 123.67 billion RON.Debt in national currency amounted to 402.655 billion RON, that in EUR to 371.376 billion RON equivalent, and debt in US dollars to 84.946 billion RON equivalent.The debt of the central general government had also reached 838.528 billion RON in June 2024, down from 840.798 billion RON in May, of which 787.5 billion RON in the medium and long-term. Most of the central government debt was contracted in RON (385.5 billion RON) and in EUR (366.93 billion RON equivalent).Local government debt rose to 21.603 billion RON from 21.546 billion RON in the previous month, of which 21.571 billion RON in the medium and long-term.At the same time, in June 2024, the general government domestic debt amounted to 415.229 billion RON (24.8% of GDP), of which 398.21 billion RON was central government debt and 17.018 billion RON local government debt.According to MF data, the external debt of the public administration stood at 444.9 billion RON (26.6% of GDP), of which 440.317 billion RON the external debt of the central public administration and 4.585 billion RON the external debt of the local public administration.
If you’re searching for a hidden gem in Europe, Romania is calling your name. Tucked between the Carpathian Mountains and the Black Sea, this country is an untouched marvel, combining natural beauty, rich history, and endless opportunities for entrepreneurs and retirees alike. Romania offers a unique blend of modern life and ancient charm, making it […]
Let’s talk about the lack of connection with our body and how this is closely tied to burnout, plus, what to do about it. So often throughout the day, we live almost entirely in our minds. We’re focused either on what we have to do at the moment—tasks that increasingly demand mental effort over physical […]
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
