Ascultă Radio România Actualitaţi Live

Romania's indebtedness, "below 50%"

Romania's indebtedness, "below 50%"

Articol de Radiojurnal, 30 August 2021, 17:41

Host: Romania's debt ratio is below 50%, one of the lowest in the European Union, says Prime Minister Florin Citu. The head of the executive was in Bacau two days ago, where he specified that Romania borrows at an interest rate lower than economic growth and does so only for investments.

Florin Citu: First of all, Romania's indebtedness is below 50%, at the moment. It is one of the lowest in the European Union and, even if it reaches 50%, it still remains among the lowest in the European Union. The level of indebtedness increased for all countries in the world last year, when deficits increased. The loans that Romania makes today go to cover a budget deficit, a budget deficit that in the past, in the time of the PSD, was also covered by loans, but with a difference now: we borrow cheaper. And there is another difference, we only borrow for investments. This year is the first year in which Romania borrows only for investments. Moreover, we borrow at a lower interest rate than economic growth, which means we can pay off these debts. Also, we borrowed at a negative interest rate last week. This means that we give less money back than we borrowed, which means that these investors trust Romania, they trust this government and they trust the government program.

Translated by: Radu Matei

Etichete : debt romania
Romanians criticize the fiscal measures taken by the Bolojan government
News in English 11 Iulie 2025, 21:04

Romanians criticize the fiscal measures taken by the Bolojan government

The economic measures taken by the government led by Ilie Bolojan are considered unjustified and unnecessary by 35% of...

Romanians criticize the fiscal measures taken by the Bolojan government
The motion of censure initiated by AUR, presented in the plenary session of Parliament
News in English 10 Iulie 2025, 15:56

The motion of censure initiated by AUR, presented in the plenary session of Parliament

The motion of censure filed by AUR parliamentarians against the executive, entitled "They ruined the country and now...

The motion of censure initiated by AUR, presented in the plenary session of Parliament
Two Ukrainians who arrived in the Maramures Mountains requested assistance from Romanian authorities
News in English 10 Iulie 2025, 15:55

Two Ukrainians who arrived in the Maramures Mountains requested assistance from Romanian authorities

Two Ukrainian citizens, who crossed the border into Romania through the Maramures Mountains, requested assistance from...

Two Ukrainians who arrived in the Maramures Mountains requested assistance from Romanian authorities
AUR has gathered the necessary number of signatures to submit a motion of no confidence
News in English 09 Iulie 2025, 18:33

AUR has gathered the necessary number of signatures to submit a motion of no confidence

AUR representatives announce that they have managed to gather the necessary number of signatures to submit a motion of no...

AUR has gathered the necessary number of signatures to submit a motion of no confidence
Prime Minister asks publicly funded institutions to reduce foreign travel
News in English 09 Iulie 2025, 18:31

Prime Minister asks publicly funded institutions to reduce foreign travel

Prime Minister Ilie Bolojan has asked ministries and subordinate institutions to reduce foreign travel in order to make the...

Prime Minister asks publicly funded institutions to reduce foreign travel
Parliament plenary session rescheduled for 5 p.m.
News in English 07 Iulie 2025, 17:15

Parliament plenary session rescheduled for 5 p.m.

The plenary session of the Senate and Chamber of Deputies scheduled for this afternoon was postponed and set to begin at 5...

Parliament plenary session rescheduled for 5 p.m.
AUR announced that it will table a motion of no confidence
News in English 07 Iulie 2025, 17:13

AUR announced that it will table a motion of no confidence

The Alliance for the Union of Romanians has already announced that it has initiated such a move and that it will table a...

AUR announced that it will table a motion of no confidence
The first tax increases, as well as pension and salary cuts, could come into effect on August 1
News in English 05 Iulie 2025, 19:56

The first tax increases, as well as pension and salary cuts, could come into effect on August 1

Parliament will meet on Monday afternoon in a joint session to assume responsibility for the government's first package...

The first tax increases, as well as pension and salary cuts, could come into effect on August 1