At the end of January, the Romanian state had an external debt of EUR 57.9 billion, up 34 percent compared to January 2020, when the external public debt was EUR 42.3 billion.
So, in a single year, the state borrowed from foreign markets with almost EUR 16 billion.
Private companies, which owned about two-thirds of the total foreign debt, were usually in debt, but the crisis has changed things. The private sector has tempered its appetite for loans, but the state really has no choice. Short-term loans increased from January 2020 to January 2021 by EUR 1.3 billion, to EUR 33.9 billion.
