Ministry of Public Finance

Public debt (government debt) rose at the end of the first five months of 2021 to about 527.5 billion lei, compared to 526.7 billion lei, after the first four months, according to data centralized by the Ministry of Public Finance (MFP). Relative to GDP, government debt fell to 49.7 pct of GDP at the end of May, from 49.9 pct of GDP at the end of April.

The consolidated general budget deficit has gone up to 1.81% of the Gross Domestic Product (GDP), after four months in this year, with a significant growth from the first three months, when the budgetary execution ended with a deficit of 1.28% of the GDP.

At the end of March 2021, the forex reserves of the National Bank of Romania (BNR) stood at 35.709 billion euros, up 1.62% from 35.139 billion euros on February 28, 2021, the central bank announced on Thursday.

Romania cannot afford freezing workers' wages and abandon the goal of economic and social convergence with developed states in the European Union, say representatives of the Meridian National Trade Union Confederation, dissatisfied with the measures taken by the Romanian Government "that will determine the living and working conditions of workers in 2021".

 Prime Minister Florin Citu on Wednesday said that the salaries and bonuses of the central and local public administration staff, including of those holding public offices, will remain at the level of December 2020 next year. "Related to the ordinance initiated by the Ministry of Public Finance, this ordinance ensures a budget saving of almost 17.6 billion lei for 2021.

Prime Minister designate Florin Citu and Chamber of Deputies Speaker Ludovic Orban arrived to Parliament on Wednesday. According to the announced program, the prime minister designate submits the list of the Cabinet and the governing program to Parliament on Wednesday morning.

Romania's success in securing a loan from international markets is proof that it managed to gain the trust of investors in a very important year and I hope that the rating agencies take this into consideration, Finance Minister Florin Citu told Radio Guerrilla on Thursday morning.

We have gone out on the international markets and the interest in Romania has been almost 14 billion euros, of which we have chosen to borrow 3.3 billion euros, the Public Finance Minister Florin Citu said after the government meeting on Wednesday. He specified that the loan offered the possibility of financing expenditure from the budget without any problems.

The budget deficit increased in March by almost 10 billion lei, reaching 1.67 pct of the Gross Domestic Product after the first three months of the year, from 0.73 pct at the end of February, according to data published on Monday by the Ministry of Public Finance.

The Ministry of Public Finance (MFP) borrowed 1.594 billion lei from banks on Monday, through a benchmark government bond issue, with a residual maturity of 36 months, at a yield average of 3.84pct per year, according to data released by the National Bank of Romania (BNR). The nominal value of Monday's issue was 300 million lei, and the banks subscribed 1.918 billion lei.