Romania eyes net negative debt issuance, plans strategic funding to stabilize economy
BUCHAREST, Nov. 4, 2025 — Romania is set for a net negative debt issuance in November and December, a move that could help ease interest rates, according to Stefan Nanu, head of the Romanian debt agency.
Nanu noted that while current interest rate costs as a share of GDP stand at roughly 2.8%, rising debt levels could push this figure above 3% in the coming years. The planned negative issuance is part of a broader strategy to manage the national debt more efficiently and stabilize public finances.
Looking ahead to 2026, Romania aims to scale back foreign debt issuance by relying on non-market funding sources. Nanu highlighted that European Union recovery funds, the EU’s Safe Defence Mechanism, and loans from international financial institutions could collectively provide up to €8 billion ($9.33 billion) in non-market funding.
“This strategic approach will allow Romania to reduce reliance on market borrowing, manage interest costs, and strengthen fiscal resilience amid financial uncertainties,” Nanu said.
The plan underscores Romania’s commitment to balancing debt management with long-term economic stability, using a combination of EU-backed resources and international funding to secure sustainable fiscal outcomes.
