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Romania's public debt, among the lowest in the EU

By Emea Riga
Romania's government debt was at 34.4% of GDP at the end of the first quarter of this year, down from 35% of GDP in the previous three months, according to data released Friday by the European Statistics Office.
Compared to the fourth quarter of last year, 12 EU member states recorded an increase in government debt in the first three months of 2018 as a ratio of GDP, while in 16 countries government debt dropped (including in Romania).
The lowest level of government debt as a ratio of GDP in the first quarter of 2018 was in Estonia (8.7%), Luxembourg (22.2%), Bulgaria (24.1%) and Romania (34.4%). and the highest in Greece (180.4%), Italy (133.4%) and Portugal (126.4%).
In the European Union, the level of government debt fell from 81.6% of GDP in the fourth quarter of 2017 to 81.5% of GDP in the first three months of 2018.
For the euro area, government debt rose to 86.8% of GDP in the first three months of the year, from 86.7% of GDP in the last quarter of 2017.
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