government debt

Romania saw a slight decline in the ratio of government debt to GDP, in the first quarter of 2017, among European Union member states, thus, boasting some of the most favourable positions, Eurostat data showed Thursday.

Romania’s gross general government debt is likely to increase to 37.7% of the gross domestic product in 2011, from 35.2% a year earlier, the International Monetary Fund said in a report Tuesday.

Overall government debt in Romania, Croatia, the Czech Republic, Slovakia and Hungary reaches around EUR200 billion, equal to nearly 70% of Greece’s government debt of EUR300 billion, Erste group said in a report Thursday.