Ascultă Radio România Actualitaţi Live

Romania: One of the highest increases in public debt in the EU

Romania: One of the highest increases in public debt in the EU
Foto: ec.europa.eu

Articol de Bogdan Isopescu, 23 Ianuarie 2025, 15:47

Last year, Romania recorded one of the highest increases in public debt among EU countries.

However, Romania has one of the lowest debts in the European Union, about 30 percent below average.

Romania has a public debt of 53.1% of GDP, while the European average is 81.6%.

Last year, from the second quarter to the third quarter, EU countries saw their public debt increase by 0.1% on average.

Romania, on the other hand, had the second-highest increase in public debt, by two percentage points. Ahead of Romania is Bulgaria, with an increase of 2.4 percentage points.

After Romania are countries like Finland, France and Latvia, where the increase in public debt does not exceed 1.4% of GDP.

On the other hand, 14 EU countries have seen their public debt fall.

Portugal has the biggest reduction, 3.2 points, followed by Slovenia - 2.6 and Malta - 1.8. If we compare the third quarter of last year with the third quarter of 2023, we see that 16 countries have seen an increase in public debt and 11 have seen a decrease.

Among the countries where debt increased are Finland, Estonia, Poland, Austria and, in fifth place, Romania, with an increase of 3.6%. At the other end of the scale, Greece reduced its debt by 10%, followed by Portugal, by almost 9%.

Translated by: Radu Matei

Etichete : eu public debt
Opening ceremony of the multinational exercise "Sea Shield" in Constanta
News in English 31 Martie 2025, 15:33

Opening ceremony of the multinational exercise "Sea Shield" in Constanta

"Sea Shield 25" includes combat sequences that will test the coordination and response capabilities of the...

Opening ceremony of the multinational exercise "Sea Shield" in Constanta
Ilie Bolojan: Thanks to the NATO shield, Romania has become a safe place
News in English 31 Martie 2025, 04:01

Ilie Bolojan: Thanks to the NATO shield, Romania has become a safe place

Romania will continue to contribute to the promotion of global security and democratic values, interim President Ilie Bolojan...

Ilie Bolojan: Thanks to the NATO shield, Romania has become a safe place
The electoral period for by-elections has started in 19 municipalities
News in English 31 Martie 2025, 03:59

The electoral period for by-elections has started in 19 municipalities

The electoral period for the by-elections that will be organized in 19 localities in 14 counties of the country on May 4, on...

The electoral period for by-elections has started in 19 municipalities
Land and property owners will be able to get their registry extracts online for free
News in English 31 Martie 2025, 03:58

Land and property owners will be able to get their registry extracts online for free

Owners of land and real estate will be able to get their land register extracts free of charge at the land registry counter...

Land and property owners will be able to get their registry extracts online for free
Internship at the Romanian Government
News in English 29 Martie 2025, 20:52

Internship at the Romanian Government

Young people interested in how public administration works can apply for a new edition of the internship program at the...

Internship at the Romanian Government
If the current majority coalition remains on the defensive, it will make a serious mistake, says Prime Minister Marcel Ciolacu
News in English 29 Martie 2025, 20:51

If the current majority coalition remains on the defensive, it will make a serious mistake, says Prime Minister Marcel Ciolacu

If the current majority coalition will remain on the defensive, it will make a serious mistake, says Prime Minister Marcel...

If the current majority coalition remains on the defensive, it will make a serious mistake, says Prime Minister Marcel Ciolacu
Romania should stop making substantial changes to the legal framework before elections
News in English 27 Martie 2025, 15:18

Romania should stop making substantial changes to the legal framework before elections

Romania should refrain from making substantial changes to the legal framework shortly before elections, according to...

Romania should stop making substantial changes to the legal framework before elections
Constitutional Court debates the petitions to the law on airspace use control
News in English 27 Martie 2025, 15:18

Constitutional Court debates the petitions to the law on airspace use control

On Thursday, the Constitutional Court will debate the submissions of the AUR, POT and SOS Romania parties to the law on the...

Constitutional Court debates the petitions to the law on airspace use control