The government's foreign debt reached 17.7 billion euros at theend of September, 5 billion euros more than in the third quarter oflast year, while the debt of the banking sector on foreign marketsfell by 1 billion euros, to 21.4 billion euros.
In the third quarter, the external debt incorporated the fifthtranche of the IMF loan of around 900 million euros, which wentinto the reserve of the NBR (National Bank of Romania) in July, aswell as the 1.5 billion euros transferred by the EuropeanCommission into the accounts of the Finance Ministry.
Analysts anticipated we should see significant rises in foreigndebt towards the end of the year because of the loans taken outfrom international funders, while the increase of the privatesector debt will be less significant amid the deterioration of theprospects of the Romanian economy.
Although the second quarter of 2010 saw the foreign governmentaldebt slightly down, in the July-September period it started to riseagain, and is likely to continue its rise, considering the majorfinancing needs as a result of the precarious fiscal situation.
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