Loading ...The public debt currently accounts for 28.17 percent of the Gross Domestic Product put at 497.3 billion lei for year-end. At end-2008, the total public debt amounted to 109.75 billion lei and it accounted for 21.78 percent of last year’s GDP, the ministry said.
On Sept. 30, as much as 55.21 percent of the public debt was denominated in national leu currency, 32.8 percent was euro-denominated, 6.65 percent was denominated in dollars and 1.44 percent in Japanese yen.
The bulk of the public debt was contracted by state loans (37.43 pct), followed by T-bonds (18.95 pct) and gov’t bonds (12.66 pct). Furthermore, 6.92 percent of the public debt was contracted by eurobonds, 0.07 percent by financial leasing and 23.96 percent by other sources.
The rate of the governmental public debt in the overall debt went up by 1.26 percent on Sept. 30, 2009 from Dec. 31, 2008, namely from 91.58 percent to 92.84 percent, while the local public debt accounted for 7.16 percent of the overall debt at the end of nine months.
The Finances Ministry borrowed 92.7 billion lei, of which 57.4 billion lei by govt bonds issues in the domestic market and 35.3 billion by state loans. Of the total bonds issued by the state being conducted on Sept. 30 worth 40.66 billion lei, 61.96 percent had a short-term maturity of less than a year, 34.85 percent had medium-term maturity of one to five years and 3.19 percent were to reach maturity in more than five years, the ministry announced.
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