Romania's medium and long-term foreign debt contracted last year amounted to more than $1.8bn, with the total debt worth about $13.5bn by the end of last September, according to official data.
The public foreign debt calculated as the sum total of the State's direct foreign public debt (contracted by the state institutions to support the balance of payments and projects of national interest) and the public foreign debt secured by the State (for projects carried out by economic operators and public institutions) is one of the main indices of the public finance soundness. The medium and long-term public debt went up 15.9% in the first nine months last year, that is by $1.861bn. The public foreign debt component increased 15.9% ($1.2bn), while the unsecured private commercial debt (that is the debt contracted by various economic operators without the State's security) went up 16% ($640 million). In other words, the foreign public debt increased faster than the private debt. ZF
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