The Ministry of Finance’s priorities related to the management of the state debt were defined in the medium-term state debt management program for 2014-2016 that was approved by the Government, IPN reports.
The state debt in the period will be paid mainly from foreign resources. The foreign state loans from such multilateral institutions as the World Bank and the European Commission will represent 93.8%.
The net internal financing will follow a generally descending trend, the main instruments being the state securities issued on the primary market by auction. The state debt’s share in the GDP by the end of 2016 will decrease by 0.6% compared with the end of 2013, to 23.5%.
Last yearend, the internal state debt represented 28.4% of the state debt or 6.8% of the GDP, while the foreign debt – 71.6% and 17.5% respectively. The balance of the state debt at the end of 2014 will be 25.9 billion lei, up 1.8 billion lei on December 31, 2013.
