Romania’s public debt up 1.2pp to 61.4% of GDP at end-May

19 August 2026 Romania’s general government debt increased by RON 22.5 billion (EUR 4.3 billion) in May to RON 1.19 trillion (EUR 227.5 billion) at the end of the month, according to data published by the Finance Ministry. The debt-to-GDP ratio rose by 1.2 percentage points during one month only, from 60.2% at the end of April to 61.4% at the end of May. The rise, subject to revision, was partly an effect of the exchange rate variation, illustrating the risk of currency weakening for the country’s public financing metrics. The debt-to-GDP ratio crossed the 60% threshold during this year, from 59.3% at the end of 2025. In its August sovereign update, Moody’s forecasted the government debt to rise to 64.5% of GDP in 2028 from 59.3% in 2025, matching Fitch’s projection and remaining above the