Romania end-Feb external debt up by 10.3% y/y.

By bne IntelliNews April 14, 2011
Romanias external debt increased by 10.3% y/y to EUR 91.8bn at the end of February, according to central bank data. The private sectors external debt amounted to EUR 64.6bn and its share decreased to 70% of the total from 74% one year earlier after a 6% y/y expansion. The medium and long-term external private debt shrank by 3.2% y/y to EUR 37.25bn at the end of February; while the short-term debt and the non-residents deposits increased. The public sector external debt on the opposite soared by 24% y/y to EUR 27.2bn and its share increased to 30% of the total from 26% one year earlier. The replacement of the private sector external debt with public external debt, visible over the past couple of years, occurred amid the external financing extended by IMF and EC to the central bank and government.
External debt (EUR mn)
Feb-10 Feb-11 Feb-11
EUR mn EUR mn %, y/y
Medium and long-term 67,737 72,862 7.6%
Public 13,334 15,702 17.8%
Publicly-guaranteed 1,527 1,664 9.0%
Private 38,481 37,253 -3.2%
Non-residents deposits 7,234 8,409 16.2%
Loans from IMF 7,162 9,834 37.3%
Short-term 15,511 18,932 22.1%
Total 83,248 91,794 10.3%
Private sector* 61,226 64,594 5.5%
Public sector* 22,022 27,200 23.5%
Source: BNR, calculations (*)
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