Gold  Source: NBR  Foreign currency reserves  40.0  30.0  20.0  10.0  Figure 5. Financing gap  percent of GDP 18.0  16.4%  16.0  14.8%  14.0  13.0% 11.5%  12.0  11.6%  10.0  9.0%  8.0 6.0  8.8%  9.1% 7.5%  7.6%  2017  2018f  6.4% 4.3%  4.0 2.0 0.0 2007 Source: MPF  2008  2009  2010  2011  2012  2013  2014  2015  2016  Figure 6. Average maturity of Romania’s public debt 12  percent  9.7  10 8  7.2 5.8  6  3.8  5.3 4.1  2 1.7  2011  2012  8.1  5.7  5.8  5.9  3.5  3.3  3.2  2016  2017  Jun-18  6.4  4.4 2.4  1.6  8  6.2  4 4  7.8  3  3  2014  2015  0 2013  average maturity total debt Source: MPF  average maturity eurobonds  average maturity local bonds  Figure 7. Net external debt percent of GDP 45 40 36.0 35 30  37.7  38.4 35.8  32.0 29.8 27.2  27.0  25  22.4 20.2  20 15 10 5 0 2008  Source: Eurostat  2009  2010  2011  2012  2013  2014  2015  2016  2017  Figure 8.
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