Report

Public debt inches up 0.1% m/m to RON 410.9bn at end-May

- Growth is fuelled by bond issues to population in Tezaur programme
- Loans from treasury decrease, but remain around highest level in records, financial buffer is refilled with about RON 5.8bn in May
- ESA-calculated debt is marginally up ytd to 35.1% of GDP at end-May
- Net borrowing in Jan-May stands at 45.9% of financing needs
- Financing needs are estimated at RON 72.6bn (7% of GDP) in 2019
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