Romania's public debt surged by RON 21.5 billion in May alone and by RON 70.7 billion year to date, reaching RON 1.035 billion (EUR 204.1 billion) or 57.8% of GDP at the end of May, according to data published by the Finance Ministry. Romania's public debt rose by RON 70.8 billion (EUR 14 billion) in January-May, after the record EUR 36 billion surge in 2024. Part of the rise was caused by the local currency's depreciation, which caused a EUR 3.7 billion increase alone. With no FX bonds issued, the public debt denominated in euros increased by only RON 3.8 billion in May – an advance caused solely by the local currency's depreciation versus the euro and not by new debt. In fact, the public debt denominated in euros decreased by EUR 858 million during May to EUR 88.5 billion at the end of the month, after the EUR 9.8 billion surge in the first four months of the year.