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_ Finance Ministry: Romania ranks 9th in EU by government debt-to-GDP ratio
Finance Ministry: Romania ranks 9th in EU by government debt-to-GDP ratio
Romania's government debt accounted for 48.5 percent of GDP at the end of September this year, below the 60 percent cap set by the Maastricht Treaty, the Finance Ministry said.
"According to data released by the National Institute of Statistics (INS) on December 7, 2021 on the estimated GDP for the third quarter of 2021, Romania's government debt stood at 48.5 percent of GDP at the end of September 2021, below the 60 percent cap set by the Maastricht Treaty. According to EU methodology, the government debt-to-GDP ratio is calculated by aggregating the quarterly GDPs achieved in the last 4 quarters as announced by the INS," the Finance Ministry said on Tuesday.
In this context, the Ministry cites the latest Eurostat release from October 2021 on the evolution of the government debt of the EU member states as of the end of Q2 2021. Romania ranked 9th in the EU with a debt-to-GDP ratio of 47.5 percent, after Estonia (19.6 pct), Bulgaria (24.7 pct), Luxembourg (26.2 pct), Sweden (37.9 pct), Denmark (39.7 pct), the Czech Republic (42.7 pct), Latvia (43.3 pct) and Lithuania (44.6 pct), under the average ratio for the euro area (EA 19) (98.3 pct) and below the EU27 average (90.9 pct).
Information on the public debt evolution, the activity on the primary and secondary market, as well as on the evolution of the risk indicators used in the implementation of the 2021 - 2023 Strategy for the management of the public government debt is available on the website of the Finance Ministry at the section Public debt - Statistics and presentations - Government debt.
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