» Romania, among the countries with the lowest public debt in Central and Eastern Europe
5:50 PM <14px style="font-size: 14pt;">Romania, among the countries with the lowest public debt in Central and Eastern Europe14px>
>>> From CEE only Bulgaria has a lower public debt ratio than Romania; Croatia, Austria, Hungary, Slovenia have a debt level of 75-82% of GDP, and Poland and Slovakia are over 50%
By Edwig Ban
Romania's government debt accounted at the end of the second quarter of 2017 37.2% of the GDP, up by 0.1 percentage points from 37.1 % of the GDP in the previous three months, shows data released by the European Statistical office (Eurostat) on Tuesday.
Compared with the first quarter of 2017, seven EU member states registered an increase in their debt to GDP ratio at the end of the second quarter of 2017 and twenty a decrease.
The highest ratios of government debt to GDP at the end of the second quarter of 2017 were recorded in Greece (175.0 %), Italy (134.7 %) and Portugal (132.1%), and the lowest in Estonia (8.9%), Luxembourg (23.4% %), Bulgaria (27.7 %), Denmark (36.8 %) and Romania (37.2%).
In the EU28, the ratio also decreased, from 83.6 pct of the GDP January through March down to 83.4% in the second quarter of the year.
At the end of the second quarter of 2017, the government debt to GDP ratio in the euro area (EA19) stood at 89.1%, compared with 89.2% at the end of the first quarter of 2017.
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