The Finance Ministry will have to pay at least 9 billion eurosthis year as part of the domestic and foreign public debt, becauseof the loans it took at the end of last year.
The strengthening of the RON, however, is making the effort torepay the debt in euros easier, even though in nominal terms, thedebt service might increase via new loans from the domestic andforeign markets, included in the strategy to finance the almost 8billion-euro budget deficit.
The interests paid for the money taken from the IMF alone stoodat more than 30 million euros in the first two months.
The Finance Ministry, however, anticipates an about 4 billioneuro drop in the governmental public debt service this yearcompared with 2009, that is in the payments on the principal andinterests.
According to the prospectus of the eurobond issue released inMarch, 2010's debt service is anticipated at 38.4 billion RON (9.1billion euros), compared with 56.7 billion RON in 2009 (13.4billion euros). The debt service expected for 2013 stands at 13.5billion RON.
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