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Romania's foreign debt falls to 98 mln euro at end-Aug

Oct 15, 2012, 12:09:37 PMArticle by Doinita Dolapchieva
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October 15 (SeeNews) - Romania's foreign debt totalled 97.99 billion euro ($127 billion) at the end of August, down from 98.72 billion euro at the end of 2011, the central bank said on Monday.

Romania's foreign debt falls to 98 mln euro at end-Aug

The end-August figure includes 77.2 billion euro in long- and medium-term foreign debt, compared to 75.9 billion at the end of 2011, the central bank said in a statement.

The figure for the long- and medium-term foreign debt includes government debt and privately-held debt.

Details on Romania's foreign debt follow (in millions of euro):

end-Aug'2012 end-2011
Total foreign debt 97,992 98,724
Short-term foreign debt 20,772 22,795
Long/medium term foreign debt 77,220 75,929
-Public debt 20,937 19,615
-State-guaranteed debt 1,374 1,466
-Non-guaranteed debt 37,471 36,127
-Foreign residents deposits 7,662 8,490
-IMF borrowings 9,776 10,231

The long-term and medium-term foreign debt servicing rate, calculated as the ratio of debt payments to total exports, was 29.7 % in the first eight months of 2012 compared to 28.9% in 2011.

($= 0.7721 euro)

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