The general government debt fell to 724.76 billion lei in June 2023, from 731.28 billion lei in the previous month, according to data the Finance Ministry (MF) released on Wednesday.As GDP percentage, government debt went down to 49.7% from 50.1% in May 2023.In June, medium- and long-term debt reduced to 695.23 billion lei from 697.84 billion lei in May 2023, while short-term debt fell to 29.53 billion lei from 33.44 billion lei in the previous month.Most of this debt, 605.9 billion lei, was represented by government securities. Loans amounted to 106.82 billion lei.Debt in euro amounted to 312.225 billion lei equivalent, debt in national currency to 337.154 billion lei, and debt in US dollars to 74.058 billion lei equivalent.Central government debt at the end of June 2023 was 706.03 billion lei, down from 712.51 billion lei in May, of which 676.53 billion lei was medium and long-term. Most of the central government debt was contracted in lei (322.53 billion lei) and in euro (308.117 billion lei equivalent).Local government debt decreased to 18.733 billion lei from 18.774 billion lei in May 2023, of which 18.7 billion lei medium and long-term.The general government domestic debt in June 2023 was 343.66 billion lei (23.6% of GDP), of which 329.67 billion lei was central government debt and 13.992 billion lei local government debt.According to MF data, the general government external debt was 381.098 billion lei (26.1% of GDP), of which 376.356 billion lei was central government external debt and 4.74 billion lei local government external debt.
Ion Iliescu, Romania’s first president after the fall of communism in December 1989 and one of the country’s most influential and controversial political figures, died on Tuesday, August 5, at the age of 95. His death was announced by the government, which expressed condolences to his family and stated that details regarding the state funeral […]
A large medieval cemetery was discovered this week at the Hasdeu High School in Lugoj, western Romania. The complex may have extensions into the surrounding yards and a high historical importance. Although the excavations are only just beginning, with an estimated 10% of the necessary work completed so far, the discoveries have already showed promise. […]
A trilateral working meeting for the creation of a regional cybersecurity alliance between Romania, the Republic of Moldova, and Ukraine took place on July 30 in Chernivtsi, Ukraine. The establishment of such a union would boost Romania's role in region. "The National Cybersecurity Directorate considers that the initiative to establish a cybersecurity coalition between Romania, […]
Two Dacian gold bracelets from the collection of the National History Museum of Romania (MNIR) have been recently 3D scanned as part of a digital preservation project highlighting these exceptional archaeological pieces. The initiative, launched by the museum, aims to showcase the artistry and cultural significance of Dacian goldsmithing. Crafted with remarkable skill, the spiral-shaped […]
Arad, a city in western Romania dubbed the “Little Vienna,” will organize a celebration of its history and culture in the Austrian capital, between August 8 and 20. The Days of Arad Culture begin on August 8 with the photo exhibition "Arad of Yesterday and Today," which will highlight the architectural connection of the city […]
In a report published on Tuesday, August 5, the Group of States against Corruption, or GRECO, said that Romania has fully implemented two of the 26 recommendations made in the 2023 Fifth Round Evaluation Report on preventing corruption and promoting integrity among top executive functions of the central government and law enforcement. Out of the […]
