Romania has sold about EUR 8 billion of a foreign debt target of EUR 10 billion this year. Romania will reduce its foreign market borrowing target for next year as it turns to EU grants and loans under the Resilience Facility, and a smaller budget deficit will reduce the net financing needs. Although the financing needs are set to moderate somewhat in 2023-24 , it will still require extensive external issuances (of around EUR 8 billion – EUR ) and relying on a heavily tapped domestic market. How will this impact the gross domestic product of the country?

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